Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Sells $14,742.28 in Stock

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

Sun Country Airlines Price Performance

Shares of SNCY traded up $0.96 during mid-day trading on Tuesday, hitting $16.01. 1,006,629 shares of the company were exchanged, compared to its average volume of 636,030. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $16.34. The stock has a market cap of $847.57 million, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The company has a 50 day moving average of $14.62 and a 200-day moving average of $12.50.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly 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 firm 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 posted $0.14 earnings per share. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SNCY. Barclays raised their target price 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. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. Finally, Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target 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.