Insider Selling: Sun Country Airlines (NASDAQ:SNCY) SVP Sells $26,975.94 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Erin Rose Neale sold 1,802 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total transaction of $26,975.94. Following the transaction, the senior vice president owned 41,188 shares in the company, valued at approximately $616,584.36. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Erin Rose Neale also recently made the following trade(s):

• On Friday, January 2nd, Erin Rose Neale sold 280 shares of Sun Country Airlines stock. The shares were sold at an average price of $14.23, for a total transaction of $3,984.40.
• On Tuesday, December 2nd, Erin Rose Neale sold 623 shares of Sun Country Airlines stock. The shares were sold at an average price of $13.95, for a total value of $8,690.85.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $15.77 on Friday. The stock 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. The business’s 50 day moving average is $13.76 and its two-hundred day moving average is $12.69. Sun Country Airlines Holdings, Inc. has a 12-month low of $8.10 and a 12-month high of $18.59. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) EPS for the quarter. Sun Country Airlines had a net margin of 5.25% and a return on equity of 10.32%. The business had revenue of $127.61 million during the quarter. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Cowen reissued a “buy” rating on shares of Sun Country Airlines in a report on Monday, November 3rd. Evercore ISI upped their target price on shares of Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on shares of Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, Cantor Fitzgerald set a $21.00 price target on Sun Country Airlines in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.13.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Sun Country Airlines by 1,728.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after acquiring an additional 2,040 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Sun Country Airlines by 1,556.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after purchasing an additional 4,219 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock worth $56,000 after purchasing an additional 3,955 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines during the 2nd quarter worth approximately $59,000. Finally, Ameritas Investment Partners Inc. lifted its stake in Sun Country Airlines by 40.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after buying an additional 1,504 shares in the last quarter.

About Sun Country Airlines

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.