Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Sells 1,036 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 1,036 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.23, for a total transaction of $14,742.28. Following the completion of the transaction, the chief operating officer now owns 66,351 shares in the company, valued at $944,174.73. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sun Country Airlines Stock Down 2.2 %

SNCY opened at $15.66 on Thursday. The company has a market capitalization of $829.04 million, a P/E ratio of 19.33, a P/E/G ratio of 0.71 and a beta of 1.44. 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 fifty day moving average price is $14.75 and its two-hundred day moving average price is $12.55. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $16.34.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently modified their holdings of SNCY. U S Global Investors Inc. boosted 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 valued at $30,332,000 after buying an additional 336,086 shares in the last quarter. State Street Corp lifted its holdings in shares of Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sun Country Airlines by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after purchasing an additional 112,397 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Sun Country Airlines by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after purchasing an additional 257,418 shares during the last quarter. Finally, Dana Investment Advisors Inc. increased its position in shares of Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SNCY. Susquehanna raised their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays upped their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average price target 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.