David M. Davis Sells 59,389 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 59,389 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at approximately $550,033. This trade represents a 64.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sun Country Airlines Stock Up 1.8 %

NASDAQ:SNCY traded up $0.30 during mid-day trading on Wednesday, hitting $16.87. The stock had a trading volume of 524,597 shares, compared to its average volume of 702,650. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $17.51. The company has a market capitalization of $893.10 million, a PE ratio of 20.83, a PEG ratio of 0.37 and a beta of 1.44. The stock has a 50-day simple moving average of $15.14 and a two-hundred day simple moving average of $12.94.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same period in the previous year, the company earned $0.14 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SNCY. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays lifted their target price on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna raised their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, 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 report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after purchasing an additional 51,224 shares during the last quarter. FMR LLC lifted its position in Sun Country Airlines by 19.0% during the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after acquiring an additional 114,687 shares during the period. JPMorgan Chase & Co. increased its stake in Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock valued at $2,882,000 after buying an additional 224,774 shares during the period. Assenagon Asset Management S.A. raised its position in Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after buying an additional 196,094 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sun Country Airlines during the 3rd quarter valued at approximately $500,000.

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.