Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells 2,760 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) CFO David M. Davis sold 2,760 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $15.93, for a total value of $43,966.80. Following the sale, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at $513,901.80. The trade was 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 this link.

Sun Country Airlines Stock Up 1.3 %

Shares of NASDAQ:SNCY traded up $0.20 during trading on Tuesday, hitting $16.00. The company's stock had a trading volume of 1,256,587 shares, compared to its average volume of 718,120. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $16.46. The business has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $12.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market capitalization of $847.04 million, a PE ratio of 19.75, a P/E/G ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share 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 firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. As a group, research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Susquehanna increased their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. The Goldman Sachs Group restated a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and an average price target of $18.67.

Institutional Trading of Sun Country Airlines

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. US Bancorp DE raised its holdings in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company's stock worth $94,000 after purchasing an additional 8,186 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Sun Country Airlines during the 3rd quarter worth approximately $132,000. SG Americas Securities LLC acquired a new position in shares of Sun Country Airlines in the 3rd quarter valued at $159,000. Finally, 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 valued at $188,000 after buying an additional 1,087 shares during the last quarter.

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.

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