David M. Davis Sells 59,380 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 59,380 shares of Sun Country Airlines stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total value of $1,004,115.80. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $545,516.60. The trade was a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $16.76 on Friday. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $17.51. The firm has a market capitalization of $887.27 million, a P/E ratio of 20.69, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company’s fifty day moving average price is $15.03 and its 200 day moving average price is $12.88.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $249.50 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Sun Country Airlines

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after buying an additional 112,397 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Sun Country Airlines by 3.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,512 shares during the last quarter. AQR Capital Management LLC lifted its position in Sun Country Airlines by 213.2% during the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock worth $6,484,000 after acquiring an additional 351,421 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Sun Country Airlines in the 2nd quarter valued at approximately $240,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Sun Country Airlines in the second quarter valued at approximately $1,890,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research report on Wednesday. They issued an “overweight” rating and a $23.00 target price for the company. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna upped their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Barclays lifted their target price on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.