Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis Sells 1,138 Shares

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 1,138 shares of Sun Country Airlines stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.18, for a total transaction of $16,136.84. Following the transaction, the chief financial officer now directly owns 35,020 shares in the company, valued at approximately $496,583.60. This trade represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sun Country Airlines Stock Performance

Shares of SNCY traded up $0.96 during midday trading on Tuesday, hitting $16.01. 1,006,629 shares of the stock traded hands, compared to its average volume of 636,030. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $16.34. The firm has a market capitalization of $847.57 million, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The business’s 50 day moving average price is $14.62 and its two-hundred day moving average price is $12.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million during 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 quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNCY. Barclays upped their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna increased their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday. 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 research report on Tuesday, October 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Two research 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 company has a consensus rating of “Moderate Buy” and an average target price of $18.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Sun Country Airlines by 3.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after purchasing an additional 2,512 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sun Country Airlines by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock worth $4,118,000 after purchasing an additional 3,641 shares during the last quarter. Finally, Creative Planning lifted its stake in 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 purchasing an additional 4,954 shares during the last quarter.

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.