Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Sells $26,325.32 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,086 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the transaction, the chief executive officer now owns 122,905 shares in the company, valued at $1,551,061.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Sun Country Airlines Stock Down 2.1 %

Shares of NASDAQ:SNCY opened at $12.11 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $23.80. The company has a 50 day moving average of $11.36 and a two-hundred day moving average of $13.48. The company has a market capitalization of $637.11 million, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data 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). Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The firm had revenue of $311.50 million during the quarter, compared to analyst estimates of $316.23 million. During the same period last year, the business earned $0.68 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Sun Country Airlines

Large investors have recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of Sun Country Airlines by 39.0% during the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after buying an additional 929 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sun Country Airlines during the first quarter worth approximately $66,000. Virtu Financial LLC acquired a new stake in shares of Sun Country Airlines during the first quarter worth approximately $155,000. Lazard Asset Management LLC grew its position in shares of Sun Country Airlines by 310.0% during the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock worth $155,000 after buying an additional 7,819 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Sun Country Airlines during the first quarter worth approximately $251,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SNCY shares. Morgan Stanley reiterated an “overweight” rating and set a $21.00 price objective on shares of Sun Country Airlines in a report on Thursday, June 20th. TD Cowen increased their target price on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently 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.