Insider Selling: Sun Country Airlines (NASDAQ:SNCY) CMO Sells $23,615.85 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CMO Colton Matthew Snow sold 1,565 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total value of $23,615.85. Following the completion of the sale, the chief marketing officer directly owned 34,686 shares in the company, valued at $523,411.74. This represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Colton Matthew Snow also recently made the following trade(s):

• On Friday, January 2nd, Colton Matthew Snow sold 145 shares of Sun Country Airlines stock. The stock was sold at an average price of $14.37, for a total value of $2,083.65.

Sun Country Airlines Stock Up 2.7%

SNCY stock opened at $15.77 on Friday. The company’s 50 day moving average price is $13.76 and its 200 day moving average price is $12.69. The firm has a market capitalization of $831.39 million, a price-to-earnings ratio of 15.02, a PEG ratio of 0.34 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The firm had revenue of $127.61 million during the quarter. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SNCY shares. Cowen reiterated a “buy” rating on shares of Sun Country Airlines in a research note on Monday, November 3rd. Citigroup lifted their price target on Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday. Cantor Fitzgerald set a $21.00 price objective on Sun Country Airlines in a research report on Monday, November 3rd. TD Cowen increased their price objective on Sun Country Airlines from $15.00 to $21.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Evercore ISI boosted their target price on Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.13.

Institutional Trading of Sun Country Airlines

Several institutional investors and hedge funds have recently made changes to their positions in SNCY. Apollo Management Holdings L.P. acquired a new stake in shares of Sun Country Airlines in the 2nd quarter valued at about $6,821,000. Jefferies Financial Group Inc. purchased a new stake in Sun Country Airlines in the second quarter valued at approximately $776,000. Exchange Traded Concepts LLC purchased a new stake in Sun Country Airlines in the third quarter valued at approximately $1,098,000. U S Global Investors Inc. boosted its holdings in shares of Sun Country Airlines by 20.6% in the second quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company’s stock valued at $24,394,000 after acquiring an additional 354,569 shares during the period. Finally, Prospera Financial Services Inc purchased a new position in shares of Sun Country Airlines during the second quarter worth approximately $345,000.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.