Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Sells $23,750.19 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,193 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $10.83, for a total value of $23,750.19. Following the transaction, the chief executive officer now owns 120,712 shares of the company’s stock, valued at approximately $1,307,310.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sun Country Airlines Trading Up 0.4 %

NASDAQ:SNCY opened at $10.00 on Friday. The stock’s 50 day moving average price is $10.74 and its 200 day moving average price is $11.89. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $17.56. The company has a market capitalization of $528.10 million, a P/E ratio of 8.20, a P/E/G ratio of 0.55 and a beta of 1.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $254.40 million for the quarter, compared to analyst estimates of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Sun Country Airlines

A number of large investors have recently added to or reduced their stakes in SNCY. Ghisallo Capital Management LLC bought a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $7,078,000. Par Capital Management Inc. lifted its position in Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock worth $43,525,000 after purchasing an additional 1,352,800 shares during the period. HBK Investments L P acquired a new stake in Sun Country Airlines during the fourth quarter worth $943,000. Los Angeles Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the 1st quarter valued at about $1,208,000. Finally, GSA Capital Partners LLP boosted its holdings in Sun Country Airlines by 199.6% during the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after purchasing an additional 65,991 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Susquehanna cut their price objective on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. TD Cowen raised their price objective on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th.

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.