David M. Davis Sells 2,760 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $513,901.80. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY traded up $0.20 during midday trading on Tuesday, hitting $16.00. The stock had a trading volume of 1,256,587 shares, compared to its average volume of 718,120. The company has a market capitalization of $847.04 million, a PE ratio of 19.75, a P/E/G ratio of 0.71 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.46. The stock has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $12.66. 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 announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company 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 for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNCY has been the subject of several research reports. 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. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, October 8th. Susquehanna raised their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. U S Global Investors Inc. boosted its position in shares of Sun Country Airlines by 14.2% during the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after purchasing an additional 336,086 shares in the last quarter. State Street Corp boosted its holdings in Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after buying an additional 51,224 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sun Country Airlines by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock worth $14,899,000 after buying an additional 112,397 shares during the period. American Century Companies Inc. increased its holdings in Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after buying an additional 257,418 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its position in shares of Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after acquiring an additional 431,515 shares during the period.

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.