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 business’s stock in a transaction that occurred on 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 owns 32,260 shares of the company’s stock, valued at approximately $550,033. The trade was a 64.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $17.00 on Friday. The business’s 50-day moving average price is $15.26 and its 200 day moving average price is $13.00. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm has a market cap of $899.98 million, a P/E ratio of 20.99, a P/E/G ratio of 0.37 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $17.51.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current year.

Hedge Funds Weigh In On Sun Country Airlines

A number of large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. US Bancorp DE boosted its holdings in Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after purchasing an additional 8,186 shares in the last quarter. Paloma Partners Management Co acquired a new position in Sun Country Airlines during the 3rd quarter worth approximately $132,000. Stoneridge Investment Partners LLC purchased a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $154,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Sun Country Airlines in the 3rd quarter valued at approximately $159,000.

Analysts Set New Price Targets

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