Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $448,875.95 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 26,545 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $16.91, for a total transaction of $448,875.95. 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. This trade represents a 45.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded up $0.20 during midday trading on Monday, hitting $16.96. The company had a trading volume of 808,224 shares, compared to its average volume of 691,106. The business’s 50 day simple moving average is $15.03 and its two-hundred day simple moving average is $12.88. The stock has a market cap of $897.86 million, a PE ratio of 20.94, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $17.51.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data 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 the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Susquehanna raised their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. Barclays raised their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% in 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 period. The Manufacturers Life Insurance Company lifted its holdings in shares of Sun Country Airlines by 7.8% during 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 period. Public Sector Pension Investment Board lifted its holdings in shares of Sun Country Airlines by 3.1% during the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,512 shares during the period. Creative Planning lifted its holdings in shares of Sun Country Airlines by 36.0% during the third quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after acquiring an additional 4,954 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Sun Country Airlines by 29.3% during the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after acquiring an additional 5,782 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.