Gregory A. Mays Sells 1,319 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 1,319 shares of Sun Country Airlines stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.03, for a total transaction of $15,867.57. Following the completion of the sale, the chief operating officer now owns 87,837 shares in the company, valued at approximately $1,056,679.11. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sun Country Airlines Stock Down 7.8 %

Shares of SNCY traded down $0.96 during mid-day trading on Thursday, reaching $11.31. The company had a trading volume of 508,129 shares, compared to its average volume of 728,394. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The company has a market capitalization of $601.22 million, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The firm has a 50-day moving average price of $15.30 and a 200 day moving average price of $14.25. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SNCY shares. Susquehanna lifted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and an average target price of $19.29.

Institutional Trading of Sun Country Airlines

Institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in shares of Sun Country Airlines in the fourth quarter worth approximately $30,841,000. Ameriprise Financial Inc. raised its holdings in Sun Country Airlines by 34.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock worth $45,467,000 after acquiring an additional 791,669 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Sun Country Airlines in the 4th quarter valued at approximately $8,868,000. Arrowstreet Capital Limited Partnership bought a new position in Sun Country Airlines in the 4th quarter valued at approximately $6,898,000. Finally, Zimmer Partners LP purchased a new stake in Sun Country Airlines during the 4th quarter valued at $6,261,000.

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.