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

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

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $16.87 on Thursday. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $17.51. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $893.10 million, a PE ratio of 20.83, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The firm’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $12.97.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, analysts expect that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Sun Country Airlines by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock worth $14,899,000 after purchasing an additional 112,397 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Sun Country Airlines by 3.1% during the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after purchasing an additional 2,512 shares during the last quarter. AQR Capital Management LLC grew its stake in Sun Country Airlines by 213.2% in the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock worth $6,484,000 after buying an additional 351,421 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after buying an additional 1,087 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its position in shares of Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after buying an additional 431,515 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays lifted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective for the company. Susquehanna boosted their target price on 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 raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.29.

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.