Jude Bricker Sells 2,086 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,086 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the transaction, the chief executive officer now directly owns 122,905 shares in the company, valued at approximately $1,551,061.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sun Country Airlines Trading Down 2.3 %

NASDAQ SNCY opened at $12.37 on Friday. 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. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $23.80. The stock has a 50-day moving average of $11.39 and a 200-day moving average of $13.51. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08.

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

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. Charles Schwab Investment Management Inc. grew its holdings in Sun Country Airlines by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 309,398 shares of the company’s stock worth $4,591,000 after acquiring an additional 33,847 shares during the last quarter. Rhumbline Advisers increased its holdings in Sun Country Airlines by 3.1% during the 3rd quarter. Rhumbline Advisers now owns 117,918 shares of the company’s stock valued at $1,750,000 after purchasing an additional 3,593 shares during the period. Vanguard Group Inc. raised its position in Sun Country Airlines by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after purchasing an additional 150,735 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Sun Country Airlines in the 4th quarter worth approximately $307,000. Finally, Illinois Municipal Retirement Fund grew its position in shares of Sun Country Airlines by 3.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock worth $342,000 after buying an additional 776 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SNCY. TD Cowen upped their price objective on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley reissued an “overweight” rating and set a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

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.