Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis Sells 59,380 Shares

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 59,380 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $545,516.60. The trade was a 64.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sun Country Airlines Stock Up 0.6 %

Shares of NASDAQ SNCY opened at $16.76 on Friday. The firm’s 50-day moving average is $15.03 and its two-hundred day moving average is $12.88. The company has a market capitalization of $887.27 million, a PE ratio of 20.69, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $17.51. 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 (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 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 firm had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SNCY. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna boosted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday. They issued an “overweight” rating and a $23.00 price objective for the company. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Finally, Barclays lifted their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of 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 Sun Country Airlines by 4,522.7% in the third 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 during the last quarter. Paloma Partners Management Co acquired a new stake in Sun Country Airlines in the 3rd quarter worth about $132,000. SG Americas Securities LLC acquired a new position in shares of Sun Country Airlines during the 3rd quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Sun Country Airlines by 7.8% in the second 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 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.