Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Sells 813 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Grant Whitney sold 813 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $14.34, for a total transaction of $11,658.42. Following the sale, the senior vice president now directly owns 22,494 shares of the company’s stock, valued at $322,563.96. This represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Grant Whitney also recently made the following trade(s):

• On Friday, January 3rd, Grant Whitney sold 474 shares of Sun Country Airlines stock. The stock was sold at an average price of $14.19, for a total value of $6,726.06.

Sun Country Airlines Stock Performance

NASDAQ SNCY traded up $0.96 during trading on Tuesday, reaching $16.01. 1,006,629 shares of the company’s stock were exchanged, compared to its average volume of 636,030. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $16.34. The stock has a market capitalization of $847.57 million, a P/E ratio of 19.77, a PEG ratio of 0.71 and a beta of 1.44. The business has a 50 day moving average price of $14.62 and a 200-day moving average price of $12.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Sun Country Airlines

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares during the last quarter. FMR LLC increased its stake in shares of Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares during the period. Algert Global LLC lifted its holdings in Sun Country Airlines by 207.3% during the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after purchasing an additional 243,028 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Sun Country Airlines in the 3rd quarter valued at $500,000. Finally, Maverick Capital Ltd. bought a new position in Sun Country Airlines during the 2nd quarter worth $1,890,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SNCY shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 8th. 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 report on Tuesday. Finally, Barclays boosted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

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.