Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Sells $98,843.76 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 6,147 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $16.08, for a total value of $98,843.76. Following the sale, the chief operating officer now directly owns 60,368 shares in the company, valued at $970,717.44. The trade was a 9.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sun Country Airlines Price Performance

SNCY traded up $0.20 during trading on Tuesday, reaching $16.00. The company’s stock had a trading volume of 1,256,587 shares, compared to its average volume of 718,120. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $14.83 and a two-hundred day simple moving average of $12.63. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.46. The company has a market cap of $847.04 million, a price-to-earnings ratio of 19.75, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Susquehanna boosted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, October 8th. Finally, Barclays upped their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average target price of $18.67.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. US Bancorp DE boosted its position in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Sun Country Airlines during the third quarter worth approximately $132,000. SG Americas Securities LLC acquired a new stake in Sun Country Airlines during the third quarter worth approximately $159,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares during the last quarter.

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.