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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 59,380 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total value of $1,004,115.80. Following the transaction, the chief financial officer now 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 document filed with the SEC, which is available at the SEC website.

Sun Country Airlines Price Performance

SNCY stock opened at $16.66 on Friday. The stock has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $12.85. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $17.51. The stock has a market cap of $881.98 million, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. 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 data 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 during 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%. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current fiscal year.

Institutional Trading of Sun Country Airlines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. US Bancorp DE lifted its position in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after buying an additional 8,186 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Sun Country Airlines during the 3rd quarter worth about $132,000. SG Americas Securities LLC bought a new position in shares of Sun Country Airlines in the 3rd quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after acquiring an additional 1,087 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on SNCY. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research note on Wednesday. They set an “overweight” rating and a $23.00 price objective on the stock. Susquehanna boosted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Wolfe Research raised 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

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.