Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells 26,545 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 26,545 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $16.91, for a total transaction of $448,875.95. Following the completion of the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at $545,516.60. This represents a 45.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $16.57 on Wednesday. The firm has a market cap of $877.22 million, a price-to-earnings ratio of 20.46, 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. The company’s 50-day moving average is $15.14 and its two-hundred day moving average is $12.94. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month 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 for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SNCY. State Street Corp raised its holdings in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after buying an additional 51,224 shares during the period. FMR LLC grew its position in shares of Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after buying an additional 114,687 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after buying an additional 224,774 shares in the last quarter. Algert Global LLC grew its position in shares of Sun Country Airlines by 207.3% during the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after buying an additional 243,028 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after purchasing an additional 196,094 shares during the last quarter.

Analyst Upgrades and Downgrades

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