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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 1,449 shares of the stock in a transaction that occurred on 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 owns 50,729 shares in the company, valued at approximately $608,748. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $10.22 on Friday. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $18.59. The stock’s fifty day moving average price is $15.05 and its 200-day moving average price is $14.22. The firm has a market cap of $543.27 million, a P/E ratio of 10.76, a P/E/G ratio of 0.42 and a beta of 1.55. 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) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SNCY shares. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price on the stock. Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and an average price target of $19.29.

Institutional Trading of Sun Country Airlines

A number of hedge funds have recently bought and sold shares of SNCY. Canada Pension Plan Investment Board bought a new position in shares of Sun Country Airlines in the 4th quarter worth $60,000. BNP Paribas Financial Markets bought a new position in Sun Country Airlines in the fourth quarter worth about $74,000. Aquatic Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter valued at about $102,000. Quarry LP boosted its holdings in shares of Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after buying an additional 6,159 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Sun Country Airlines by 102.7% in the 4th quarter. State of Wyoming now owns 8,411 shares of the company’s stock worth $123,000 after buying an additional 4,262 shares during the last quarter.

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.