Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $16,136.84 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 1,138 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.18, for a total value of $16,136.84. Following the sale, the chief financial officer now directly owns 35,020 shares of the company’s stock, valued at $496,583.60. This represents a 3.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sun Country Airlines Trading Down 2.2 %

Sun Country Airlines stock opened at $15.66 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 firm’s 50 day moving average price is $14.78 and its 200-day moving average price is $12.57. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.34. The stock has a market cap of $829.04 million, a P/E ratio of 19.33, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $249.50 million for 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 company earned $0.14 EPS. On average, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Sun Country Airlines by 695.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after acquiring an additional 224,774 shares in the last quarter. Franklin Resources Inc. raised its stake in Sun Country Airlines by 29.3% during the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after purchasing an additional 5,782 shares in the last quarter. Barclays PLC grew its stake in shares of Sun Country Airlines by 260.8% in the 3rd quarter. Barclays PLC now owns 117,457 shares of the company’s stock worth $1,316,000 after buying an additional 84,906 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Sun Country Airlines in the 3rd quarter worth about $292,000. Finally, Weiss Asset Management LP raised its position in shares of Sun Country Airlines by 7.0% during the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock valued at $6,472,000 after buying an additional 37,689 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNCY. Wolfe Research upgraded 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 note on Tuesday, October 8th. Susquehanna increased their price objective 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. The Goldman Sachs Group restated 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, Barclays upped their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

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.