Gregory A. Mays Sells 1,036 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 1,036 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.23, for a total value of $14,742.28. Following the sale, the chief operating officer now directly owns 66,351 shares of the company’s stock, valued at $944,174.73. The trade was a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sun Country Airlines Stock Up 6.4 %

Shares of SNCY opened at $16.01 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $12.53. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $16.34. The firm has a market capitalization of $847.57 million, a P/E ratio of 19.77, a P/E/G ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after buying an additional 51,224 shares in the last quarter. FMR LLC increased its stake in Sun Country Airlines by 19.0% in the third quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after acquiring an additional 114,687 shares during the period. Algert Global LLC raised its position in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after purchasing an additional 243,028 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Sun Country Airlines during the third quarter worth about $500,000. Finally, Maverick Capital Ltd. acquired a new stake in Sun Country Airlines during the second quarter valued at approximately $1,890,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

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.