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

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

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $15.66 on Thursday. The business has a 50-day moving average price of $14.75 and a two-hundred day moving average price of $12.55. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $16.34. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The company has a market cap of $829.04 million, a P/E ratio of 19.33, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 EPS 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 during the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter last year, the firm posted $0.14 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after purchasing an additional 51,224 shares in the last quarter. FMR LLC increased its position in Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after buying an additional 114,687 shares in the last quarter. Algert Global LLC boosted its holdings in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after acquiring an additional 243,028 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sun Country Airlines during the third quarter valued at approximately $500,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Sun Country Airlines during the second quarter worth approximately $1,890,000.

Analyst Ratings Changes

SNCY has been the subject of several recent research reports. Wolfe Research upgraded shares of 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. Susquehanna boosted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays raised their target price 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sun Country Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

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.