Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Sells 854 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 854 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.60, for a total transaction of $10,760.40. Following the completion of the sale, the chief operating officer now directly owns 68,280 shares of the company’s stock, valued at approximately $860,328. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Sun Country Airlines Trading Down 2.3 %

Shares of Sun Country Airlines stock opened at $12.37 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $11.39 and its 200-day simple moving average is $13.51. The stock has a market cap of $650.79 million, a P/E ratio of 10.14, a P/E/G 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.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) 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 analysts’ expectations of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts predict that Sun Country Airlines Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNCY has been the subject of a number of research reports. Morgan Stanley reissued 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 increased their target price on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.67.

Institutional Trading of Sun Country Airlines

Several hedge funds have recently made changes to their positions in SNCY. Assetmark Inc. lifted its holdings in Sun Country Airlines by 39.0% in the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after acquiring an additional 929 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines in the first quarter valued at $66,000. Virtu Financial LLC purchased a new position in shares of Sun Country Airlines during the 1st quarter worth $155,000. Lazard Asset Management LLC increased its position in shares of Sun Country Airlines by 310.0% during the 1st quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock worth $155,000 after purchasing an additional 7,819 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Sun Country Airlines during the 1st quarter worth about $251,000.

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.