Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells 1,449 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 1,449 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.00, for a total value of $17,388.00. Following the completion of the sale, the chief financial officer now owns 50,729 shares in the company, valued at $608,748. The trade was a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $10.22 on Friday. The firm has a market capitalization of $543.27 million, a price-to-earnings ratio of 10.76, a PEG ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company’s 50-day moving average is $15.05 and its two-hundred day moving average is $14.22.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Institutional Trading of Sun Country Airlines

Hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $2,679,000. PharVision Advisers LLC acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at $487,000. Zimmer Partners LP purchased a new position in Sun Country Airlines in the fourth quarter valued at $6,261,000. Two Sigma Advisers LP acquired a new position in Sun Country Airlines during the 4th quarter worth $219,000. Finally, Two Sigma Investments LP acquired a new position in shares of Sun Country Airlines during the fourth quarter worth about $1,435,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SNCY shares. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target on the stock. Susquehanna upped their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.