Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $1,012,582.45 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 59,389 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $550,033. This represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sun Country Airlines Price Performance

SNCY traded up $0.30 on Wednesday, hitting $16.87. 524,597 shares of the company’s stock were exchanged, compared to its average volume of 702,650. The firm has a 50-day moving average price of $15.14 and a 200-day moving average price of $12.94. The stock has a market cap of $893.10 million, a price-to-earnings ratio of 20.83, a P/E/G 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. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week 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, meeting the consensus estimate of $0.06. The company had revenue of $249.50 million during the quarter, compared to analysts’ expectations 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 revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. US Bancorp DE increased its stake in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Sun Country Airlines during the 3rd quarter worth $132,000. Stoneridge Investment Partners LLC acquired a new position in shares of Sun Country Airlines during the 4th quarter valued at about $154,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Sun Country Airlines in the third quarter valued at about $159,000.

Wall Street Analyst Weigh In

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

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.