By otakuyassine3@gmail.com 
Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Free Report) CFO David M. Davis sold 26,545 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $16.91, for a total transaction of $448,875.95. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $545,516.60. This represents a 45.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sun Country Airlines Price Performance
SNCY traded up $0.20 on Monday, reaching $16.96. The company had a trading volume of 808,224 shares, compared to its average volume of 691,106. The company has a fifty day moving average of $15.03 and a 200-day moving average of $12.88. The company has a market capitalization of $897.86 million, a P/E ratio of 20.94, a PEG ratio of 0.37 and a beta of 1.44. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $17.51.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current year.
Hedge Funds Weigh In On Sun Country Airlines
Several large investors have recently made changes to their positions in the business. U S Global Investors Inc. boosted its position in shares of Sun Country Airlines by 14.2% during the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock valued at $30,332,000 after purchasing an additional 336,086 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Sun Country Airlines during the fourth quarter valued at about $30,841,000. State Street Corp lifted its stake 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 valued at $17,721,000 after buying an additional 51,224 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Sun Country Airlines by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after buying an additional 112,397 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after buying an additional 431,515 shares in the last quarter.
Analyst Ratings Changes
SNCY has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. 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, January 7th. Barclays increased their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average price target of $19.29.
Check Out Our Latest Report on Sun Country Airlines
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.
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