Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Sells 813 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Grant Whitney sold 813 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $14.34, for a total transaction of $11,658.42. Following the completion of the transaction, the senior vice president now owns 22,494 shares in the company, valued at approximately $322,563.96. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Grant Whitney also recently made the following trade(s):

• On Friday, January 3rd, Grant Whitney sold 474 shares of Sun Country Airlines stock. The shares were sold at an average price of $14.19, for a total transaction of $6,726.06.

Sun Country Airlines Trading Up 6.4 %

NASDAQ SNCY traded up $0.96 during trading hours on Tuesday, hitting $16.01. The company’s stock had a trading volume of 1,006,629 shares, compared to its average volume of 636,030. The stock has a fifty day moving average of $14.62 and a 200 day moving average of $12.50. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $16.34. The firm has a market capitalization of $847.57 million, a P/E ratio of 19.77, a PEG ratio of 0.71 and a beta of 1.44.

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 the consensus estimate of $0.06. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. Equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Sun Country Airlines

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock valued at $2,882,000 after purchasing an additional 224,774 shares during the period. Franklin Resources Inc. grew its holdings in shares of Sun Country Airlines by 29.3% in the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after buying an additional 5,782 shares during the period. Barclays PLC increased its position in shares of Sun Country Airlines by 260.8% in the 3rd quarter. Barclays PLC now owns 117,457 shares of the company’s stock valued at $1,316,000 after buying an additional 84,906 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Sun Country Airlines during the 3rd quarter worth $292,000. Finally, Weiss Asset Management LP lifted its holdings in Sun Country Airlines by 7.0% during the third quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock worth $6,472,000 after acquiring an additional 37,689 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNCY. Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. Barclays upped their target price on shares of 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 reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

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.