Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $11,781.00 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 935 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.60, for a total transaction of $11,781.00. Following the transaction, the chief financial officer now directly owns 43,545 shares in the company, valued at $548,667. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded down $0.29 during midday trading on Wednesday, reaching $12.37. 617,124 shares of the company’s stock were exchanged, compared to its average volume of 634,629. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $23.80. The firm has a market capitalization of $650.79 million, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. The company’s 50 day simple moving average is $11.46 and its two-hundred day simple moving average is $13.52. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $311.50 million during the quarter, compared to analyst estimates of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. Equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Sun Country Airlines by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after purchasing an additional 75,252 shares during the period. Par Capital Management Inc. lifted its stake in Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after buying an additional 1,352,800 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in Sun Country Airlines in the fourth quarter valued at approximately $7,078,000. Charles Schwab Investment Management Inc. lifted its stake in Sun Country Airlines by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,460 shares of the company’s stock valued at $4,994,000 after buying an additional 8,062 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Sun Country Airlines by 32.2% in the first quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after buying an additional 61,558 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on SNCY shares. Morgan Stanley reissued an “overweight” rating and issued a $21.00 target price on shares of Sun Country Airlines in a research report on Thursday, June 20th. TD Cowen increased their price target on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

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.