Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Sells 813 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Grant Whitney sold 813 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $14.34, for a total transaction of $11,658.42. Following the completion of the transaction, the senior vice president now owns 22,494 shares of the company’s stock, valued at approximately $322,563.96. This represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Grant Whitney also recently made the following trade(s):

• On Friday, January 3rd, Grant Whitney sold 474 shares of Sun Country Airlines stock. The shares were sold at an average price of $14.19, for a total transaction of $6,726.06.

Sun Country Airlines Stock Down 2.2 %

Shares of NASDAQ SNCY opened at $15.66 on Thursday. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $16.34. The firm’s 50-day simple moving average is $14.75 and its 200 day simple moving average is $12.55. 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 company has a market cap of $829.04 million, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SNCY. Farther Finance Advisors LLC raised its position in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Sun Country Airlines in the 2nd quarter valued at about $80,000. US Bancorp DE grew its position in shares of Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after buying an additional 8,186 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Sun Country Airlines during the second quarter worth approximately $124,000. Finally, Paloma Partners Management Co bought a new position in Sun Country Airlines in the third quarter valued at approximately $132,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SNCY shares. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna boosted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

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.