David M. Davis Sells 2,115 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 2,115 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the sale, the chief financial officer now directly owns 36,158 shares in the company, valued at approximately $524,652.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sun Country Airlines Trading Down 1.3 %

Sun Country Airlines stock opened at $15.36 on Friday. The stock has a market cap of $813.16 million, a P/E ratio of 18.96, a PEG ratio of 0.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $17.56. The firm’s 50 day moving average price is $11.70 and its 200-day moving average price is $11.55.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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 company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. On average, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently modified their holdings of the stock. LSV Asset Management increased its position in Sun Country Airlines by 32.2% in the first quarter. LSV Asset Management now owns 252,458 shares of the company’s stock worth $3,810,000 after purchasing an additional 61,558 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Sun Country Airlines in the first quarter worth $66,000. Algert Global LLC increased 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 during the last quarter. Vanguard Group Inc. increased its position in Sun Country Airlines by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after purchasing an additional 75,252 shares during the last quarter. Finally, Maverick Capital Ltd. bought a new stake in Sun Country Airlines in the second quarter worth $1,890,000.

Wall Street Analyst Weigh In

SNCY has been the topic of a number of research reports. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 8th. Susquehanna raised their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average price target of $17.80.

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.