Gregory A. Mays Sells 854 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 854 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.60, for a total transaction of $10,760.40. Following the completion of the sale, the chief operating officer now directly owns 68,280 shares in the company, valued at approximately $860,328. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sun Country Airlines Stock Performance

Sun Country Airlines stock traded down $0.29 during mid-day trading on Wednesday, reaching $12.37. The company’s stock had a trading volume of 617,124 shares, compared to its average volume of 634,629. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $23.80. The company has a market capitalization of $650.79 million, a P/E ratio of 10.14, a PEG ratio of 0.62 and a beta of 1.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61. The firm’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $13.52.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Monday, May 6th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The firm had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNCY has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a report on Thursday, June 20th. TD Cowen lifted their price target on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Sun Country Airlines during the 1st quarter worth $66,000. Virtu Financial LLC bought a new stake in shares of Sun Country Airlines during the 1st quarter worth $155,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Sun Country Airlines during the 1st quarter worth $645,000. Price T Rowe Associates Inc. MD lifted its stake in Sun Country Airlines by 15.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,414 shares of the company’s stock worth $309,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Sun Country Airlines by 310.0% in the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock worth $155,000 after purchasing an additional 7,819 shares during the last quarter.

Sun Country Airlines Company Profile

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.