Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis Sells 1,138 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 1,138 shares of Sun Country Airlines stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.18, for a total transaction of $16,136.84. Following the transaction, the chief financial officer now directly owns 35,020 shares of the company’s stock, valued at approximately $496,583.60. This trade represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sun Country Airlines Stock Up 6.4 %

SNCY stock opened at $16.01 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $16.34. The stock has a market capitalization of $847.57 million, a P/E ratio of 19.77, a P/E/G ratio of 0.71 and a beta of 1.44. The business has a fifty day moving average price of $14.69 and a 200-day moving average price of $12.53.

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

Institutional Investors Weigh In On Sun Country Airlines

A number of large investors have recently added to or reduced their stakes in SNCY. State Street Corp boosted its stake in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after buying an additional 51,224 shares during the last quarter. FMR LLC boosted its position in Sun Country Airlines by 19.0% in the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares during the last quarter. Algert Global LLC grew its stake in shares of Sun Country Airlines by 207.3% during the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after purchasing an additional 243,028 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sun Country Airlines during the 3rd quarter valued at about $500,000. Finally, Maverick Capital Ltd. bought a new position in shares of Sun Country Airlines in the 2nd quarter worth approximately $1,890,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Susquehanna lifted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays increased their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.67.

About Sun Country Airlines

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.