David M. Davis Sells 935 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 935 shares of Sun Country Airlines stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.60, for a total value of $11,781.00. Following the transaction, the chief financial officer now owns 43,545 shares in the company, valued at approximately $548,667. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sun Country Airlines Trading Down 2.3 %

Shares of SNCY stock opened at $12.37 on Friday. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $23.80. The firm has a market cap of $650.79 million, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. The company has a 50-day moving average of $11.39 and a two-hundred day moving average of $13.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The company had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $316.23 million. During the same period in the previous year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in Sun Country Airlines during the 1st quarter worth about $1,208,000. Vanguard Group Inc. grew its position in Sun Country Airlines by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after acquiring an additional 150,735 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Sun Country Airlines during the fourth quarter worth about $431,000. Illinois Municipal Retirement Fund lifted its position in shares of Sun Country Airlines by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock worth $342,000 after purchasing an additional 776 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth about $7,078,000.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen raised their price target on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.67.

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.