David M. Davis Sells 59,380 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 59,380 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total value of $1,004,115.80. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $545,516.60. The trade was a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sun Country Airlines Trading Down 1.4 %

Shares of NASDAQ SNCY traded down $0.24 during trading hours on Thursday, reaching $16.66. The stock had a trading volume of 835,120 shares, compared to its average volume of 691,780. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $17.51. The firm has a market cap of $881.98 million, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.37 and a beta of 1.44. The business’s fifty day moving average price is $14.99 and its two-hundred day moving average price is $12.85. 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 (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. Analysts expect that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wolfe Research upgraded 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. Barclays raised their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a report on Wednesday. They set an “overweight” rating and a $23.00 price target on the stock. Susquehanna raised 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, January 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Institutional Investors Weigh In On Sun Country Airlines

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. US Bancorp DE lifted its holdings 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 buying an additional 8,186 shares during the period. Paloma Partners Management Co bought a new stake in Sun Country Airlines during the 3rd quarter valued at $132,000. SG Americas Securities LLC purchased a new position in shares of Sun Country Airlines in the 3rd quarter valued at $159,000. Finally, The Manufacturers Life Insurance Company raised its position 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 worth $188,000 after acquiring an additional 1,087 shares in 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.