Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Sells $25,861.44 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Erin Rose Neale sold 1,738 shares of Sun Country Airlines stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company’s stock, valued at approximately $448,512.96. This represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $15.00 on Friday. The company has a market cap of $794.10 million, a P/E ratio of 18.52, a P/E/G ratio of 0.71 and a beta of 1.46. The firm’s 50 day moving average is $14.00 and its two-hundred day moving average is $12.14. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $16.42. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96.

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

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares during the period. CWM LLC increased its position in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after acquiring an additional 2,508 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Sun Country Airlines in the 2nd quarter valued at $40,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Sun Country Airlines during the 2nd quarter valued at $80,000. Finally, US Bancorp DE boosted its position in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares during the period.

Wall Street Analyst Weigh In

Several research firms have issued reports on SNCY. Barclays raised their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Susquehanna lifted their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sun Country Airlines has an average rating of “Moderate Buy” and a consensus price target of $18.33.

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.