By otakuyassine3@gmail.com 
Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Free Report) SVP Erin Rose Neale sold 1,738 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the completion of the transaction, the senior vice president now owns 30,142 shares in the company, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sun Country Airlines Price Performance
NASDAQ SNCY traded down $0.57 during trading hours on Wednesday, reaching $14.33. The company’s stock had a trading volume of 696,598 shares, compared to its average volume of 673,944. The company has a market capitalization of $758.63 million, a price-to-earnings ratio of 17.69, a PEG ratio of 0.71 and a beta of 1.46. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.42. The firm’s 50-day moving average price is $13.75 and its 200-day moving average price is $12.08.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same period last year, the company posted $0.14 earnings per share. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SNCY has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna lifted their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, October 8th. Finally, Barclays lifted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.33.
Get Our Latest Analysis on Sun Country Airlines
Hedge Funds Weigh In On Sun Country Airlines
A number of institutional investors and hedge funds have recently modified their holdings of SNCY. Farther Finance Advisors LLC raised its stake in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. CWM LLC grew its stake in shares of Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Sun Country Airlines in the second quarter worth approximately $40,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Sun Country Airlines during the 2nd quarter worth approximately $80,000. Finally, US Bancorp DE boosted its holdings in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after acquiring an additional 8,186 shares during the period.
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.
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