Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $43,966.80 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 2,760 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at $513,901.80. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $15.98 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $12.68. The stock has a market cap of $845.98 million, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $16.46.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after buying an additional 1,087 shares during the period. Public Sector Pension Investment Board grew its position in shares of Sun Country Airlines by 3.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock worth $1,047,000 after buying an additional 2,512 shares during the period. Creative Planning increased its stake in shares of Sun Country Airlines by 36.0% in the 3rd quarter. Creative Planning now owns 18,734 shares of the company’s stock worth $210,000 after acquiring an additional 4,954 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Sun Country Airlines by 29.3% during the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after acquiring an additional 5,782 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNCY shares. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Barclays raised their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.67.

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.