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 company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at approximately $545,516.60. The trade was a 64.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sun Country Airlines Stock Performance

SNCY stock traded down $0.24 during midday trading on Thursday, reaching $16.66. 835,120 shares of the company’s stock traded hands, compared to its average volume of 691,780. The stock’s 50-day moving average is $14.99 and its 200 day moving average is $12.85. The stock has a market cap of $881.98 million, a P/E ratio of 20.57, a PEG ratio of 0.37 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $17.51. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting 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 company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same period last year, the firm earned $0.14 EPS. Sun Country Airlines’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research note on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday. They issued an “overweight” rating and a $23.00 target price for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays lifted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNCY. Farther Finance Advisors LLC lifted its holdings in Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. US Bancorp DE raised its position in shares of Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Sun Country Airlines in the third quarter worth $132,000. SG Americas Securities LLC purchased a new position in Sun Country Airlines during the third quarter valued at $159,000. Finally, The Manufacturers Life Insurance Company increased its holdings in 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 acquiring an additional 1,087 shares during the last quarter.

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.