Jude Bricker Sells 2,086 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,086 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the sale, the chief executive officer now owns 122,905 shares in the company, valued at approximately $1,551,061.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sun Country Airlines Price Performance

Shares of SNCY stock traded down $0.29 during trading hours on Wednesday, reaching $12.37. The company’s stock had a trading volume of 617,124 shares, compared to its average volume of 634,629. The firm’s 50 day simple moving average is $11.46 and its 200-day simple moving average is $13.52. The company has a market capitalization of $650.79 million, a price-to-earnings ratio of 10.14, a PEG ratio of 0.62 and a beta of 1.56. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $23.80. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $311.50 million during the quarter, compared to analyst estimates of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. Sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Assetmark Inc. raised its position in Sun Country Airlines by 39.0% during the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after purchasing an additional 929 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Sun Country Airlines during the 1st quarter worth $66,000. Virtu Financial LLC bought a new position in Sun Country Airlines during the 1st quarter worth $155,000. Lazard Asset Management LLC raised its position in Sun Country Airlines by 310.0% during the 1st quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock worth $155,000 after purchasing an additional 7,819 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Sun Country Airlines during the 1st quarter worth $251,000.

Wall Street Analyst Weigh In

SNCY has been the topic of several research analyst reports. TD Cowen upped their price objective on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.67.

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.