David M. Davis Sells 2,115 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 2,115 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the sale, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $15.17 on Friday. The firm has a 50-day moving average price of $11.70 and a 200-day moving average price of $11.55. The firm has a market capitalization of $803.10 million, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.72 and a beta of 1.48. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $250.30 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dana Investment Advisors Inc. raised its holdings in shares of Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after purchasing an additional 431,515 shares in the last quarter. LSV Asset Management raised its holdings in shares of Sun Country Airlines by 159.9% in the 2nd quarter. LSV Asset Management now owns 656,088 shares of the company’s stock valued at $8,240,000 after purchasing an additional 403,630 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Sun Country Airlines by 213.2% in the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock valued at $6,484,000 after purchasing an additional 351,421 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Sun Country Airlines by 14.2% in the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock valued at $30,332,000 after purchasing an additional 336,086 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Sun Country Airlines by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after buying an additional 257,418 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SNCY. Susquehanna increased their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.80.

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.