Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis Sells 1,449 Shares

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) CFO David M. Davis sold 1,449 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.00, for a total value of $17,388.00. Following the completion of the sale, the chief financial officer now directly owns 50,729 shares of the company's stock, valued at approximately $608,748. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sun Country Airlines Stock Down 7.3 %

NASDAQ SNCY traded down $0.75 during trading on Tuesday, hitting $9.58. 1,324,834 shares of the company traded hands, compared to its average volume of 740,536. The company has a market capitalization of $509.25 million, a P/E ratio of 10.08, a PEG ratio of 0.42 and a beta of 1.55. The business has a fifty day simple moving average of $14.92 and a 200 day simple moving average of $14.25. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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Analyst Ratings Changes

A number of equities analysts have recently weighed in on SNCY shares. Susquehanna reduced their price target on shares of Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Finally, Barclays lowered their target price 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.71.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently bought and sold shares of SNCY. GAMMA Investing LLC boosted its stake in Sun Country Airlines by 1,390.3% during the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock valued at $122,000 after purchasing an additional 9,218 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $2,679,000. PharVision Advisers LLC acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $487,000. Zimmer Partners LP bought a new position in Sun Country Airlines during the fourth quarter worth $6,261,000. Finally, Two Sigma Advisers LP bought a new stake in Sun Country Airlines in the 4th quarter valued at $219,000.

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.