Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Sells $14,742.28 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 1,036 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.23, for a total transaction of $14,742.28. Following the sale, the chief operating officer now owns 66,351 shares of the company’s stock, valued at $944,174.73. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sun Country Airlines Stock Down 2.2 %

Shares of SNCY stock opened at $15.66 on Friday. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $16.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a fifty day moving average price of $14.78 and a 200 day moving average price of $12.57. The stock has a market cap of $829.04 million, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Sun Country Airlines during the 2nd quarter valued at about $80,000. US Bancorp DE boosted its position in Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Sun Country Airlines during the second quarter worth about $124,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Sun Country Airlines during the third quarter worth approximately $132,000.

Analysts Set New Price Targets

SNCY has been the topic of a number of research analyst reports. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Barclays upped their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Susquehanna boosted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.67.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.