Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis Sells 26,545 Shares

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

Sun Country Airlines Stock Up 1.2 %

SNCY opened at $16.96 on Tuesday. The firm’s 50 day simple moving average is $15.08 and its two-hundred day simple moving average is $12.91. The company has a market capitalization of $897.86 million, a PE ratio of 20.94, a PEG ratio of 0.37 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year 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, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its holdings in 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 purchasing an additional 51,224 shares in the last quarter. FMR LLC lifted its stake in shares of Sun Country Airlines by 19.0% during the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after buying an additional 114,687 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after buying an additional 224,774 shares during the period. Algert Global LLC increased its stake in Sun Country Airlines by 207.3% in the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after buying an additional 243,028 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock valued at $6,114,000 after acquiring an additional 196,094 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Wolfe Research upgraded shares of 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. 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, Susquehanna lifted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.29.

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.