Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Sells $26,107.44 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $10.90 on Friday. The firm has a market capitalization of $579.42 million, a PE ratio of 11.47, a PEG ratio of 0.42 and a beta of 1.46. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59. The business’s 50 day moving average is $15.18 and its 200-day moving average is $14.23.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. Sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $60,000. BNP Paribas Financial Markets bought a new stake in Sun Country Airlines in the fourth quarter valued at $74,000. Aquatic Capital Management LLC acquired a new position in Sun Country Airlines during the fourth quarter worth $102,000. Quarry LP lifted its holdings in shares of Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after acquiring an additional 6,159 shares during the period. Finally, State of Wyoming boosted its stake in shares of Sun Country Airlines by 102.7% in the 4th quarter. State of Wyoming now owns 8,411 shares of the company’s stock valued at $123,000 after purchasing an additional 4,262 shares in the last quarter.

Analyst Upgrades and Downgrades

SNCY has been the subject of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price for the company. Susquehanna increased their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

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.