Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Sells 1,319 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) COO Gregory A. Mays sold 1,319 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.03, for a total value of $15,867.57. Following the transaction, the chief operating officer now owns 87,837 shares of the company's stock, valued at $1,056,679.11. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sun Country Airlines Stock Down 7.3 %

NASDAQ SNCY traded down $0.75 during trading hours on Tuesday, reaching $9.58. 1,324,834 shares of the company's stock were exchanged, compared to its average volume of 740,536. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $18.59. The company's 50-day moving average is $14.92 and its two-hundred day moving average is $14.25. The company has a market capitalization of $509.25 million, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The business 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 firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. On average, analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SNCY. Canada Pension Plan Investment Board bought a new stake in Sun Country Airlines in the 4th quarter valued at approximately $60,000. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines in the fourth quarter worth $74,000. Aquatic Capital Management LLC bought a new stake in shares of Sun Country Airlines in the fourth quarter worth $102,000. Quarry LP boosted its holdings in Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after purchasing an additional 6,159 shares during the last quarter. Finally, State of Wyoming grew its position in Sun Country Airlines by 102.7% in the fourth 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 Ratings Changes

A number of research firms have commented on SNCY. Susquehanna reduced their price objective on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target for the company. Finally, Barclays cut their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

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.