Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $448,875.95 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 26,545 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $16.91, for a total transaction of $448,875.95. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $545,516.60. The trade was a 45.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sun Country Airlines Trading Up 1.2 %

SNCY stock opened at $16.96 on Tuesday. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $17.51. The stock has a market capitalization of $897.86 million, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. 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’s fifty day simple moving average is $15.08 and its two-hundred day simple moving average is $12.91.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNCY. 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. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target for the company. Barclays upped their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, October 8th. Finally, Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.29.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new position in Sun Country Airlines during the 4th quarter valued at $30,841,000. Dana Investment Advisors Inc. boosted its stake 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 valued at $10,152,000 after purchasing an additional 431,515 shares during the period. AQR Capital Management LLC boosted its stake in shares of Sun Country Airlines by 213.2% during the second 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 during the period. U S Global Investors Inc. increased its stake in Sun Country Airlines by 14.2% in the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after buying an additional 336,086 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Sun Country Airlines during the 3rd quarter valued at about $2,980,000.

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.