David M. Davis Sells 59,389 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

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

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $17.00 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company 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. The stock has a 50-day moving average of $15.26 and a two-hundred day moving average of $13.00. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year 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, meeting analysts’ consensus estimates of $0.06. The firm 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%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after acquiring an additional 112,397 shares in the last quarter. Public Sector Pension Investment Board raised its position in Sun Country Airlines by 3.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after purchasing an additional 2,512 shares in the last quarter. AQR Capital Management LLC raised its position in Sun Country Airlines by 213.2% in the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock valued at $6,484,000 after purchasing an additional 351,421 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after buying an additional 1,087 shares during the period. Finally, Dana Investment Advisors Inc. grew its position in shares of Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after buying an additional 431,515 shares in the last quarter.

Analysts Set New Price Targets

SNCY has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price for the company. Barclays upped their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, Susquehanna increased 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 note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently 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.