Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells 935 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 935 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $12.60, for a total value of $11,781.00. Following the completion of the transaction, the chief financial officer now directly owns 43,545 shares in the company, valued at approximately $548,667. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sun Country Airlines Trading Down 2.3 %

Shares of SNCY opened at $12.37 on Thursday. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $23.80. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $13.51. The company has a market cap of $650.79 million, a P/E ratio of 10.14, a P/E/G ratio of 0.63 and a beta of 1.56.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The firm had revenue of $311.50 million during the quarter, compared to the consensus estimate of $316.23 million. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts expect that Sun Country Airlines Holdings, Inc. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently modified their holdings of SNCY. Los Angeles Capital Management LLC bought a new position in Sun Country Airlines in the 1st quarter valued at $1,208,000. Vanguard Group Inc. boosted its stake in shares of Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after purchasing an additional 150,735 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Sun Country Airlines in the fourth quarter worth about $431,000. Illinois Municipal Retirement Fund grew its holdings in shares of Sun Country Airlines by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock worth $342,000 after purchasing an additional 776 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in Sun Country Airlines in the 4th quarter worth about $7,078,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SNCY shares. Morgan Stanley reissued an “overweight” rating and set a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen increased their target price on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.67.

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.