Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $16,136.84 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 1,138 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.18, for a total value of $16,136.84. Following the sale, the chief financial officer now owns 35,020 shares of the company’s stock, valued at $496,583.60. The trade was a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sun Country Airlines Price Performance

Shares of SNCY stock traded up $0.96 during trading hours on Tuesday, hitting $16.01. The company had a trading volume of 1,006,629 shares, 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. The firm has a market capitalization of $847.57 million, a price-to-earnings ratio of 19.77, a PEG ratio of 0.71 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $16.34. The firm’s fifty day moving average is $14.62 and its 200 day moving average is $12.50.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNCY has been the topic of several research reports. Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Tuesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Finally, Susquehanna increased 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SNCY. JPMorgan Chase & Co. raised its position in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after acquiring an additional 224,774 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Sun Country Airlines by 29.3% during the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock worth $269,000 after buying an additional 5,782 shares during the last quarter. Barclays PLC boosted its stake in Sun Country Airlines by 260.8% in the third quarter. Barclays PLC now owns 117,457 shares of the company’s stock valued at $1,316,000 after acquiring an additional 84,906 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Sun Country Airlines during the 3rd quarter worth $292,000. Finally, Weiss Asset Management LP raised its position in shares of Sun Country Airlines by 7.0% during the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock valued at $6,472,000 after acquiring an additional 37,689 shares during the last quarter.

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.