David M. Davis Sells 935 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO David M. Davis sold 935 shares of Sun Country Airlines stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.60, for a total value of $11,781.00. Following the completion of the sale, the chief financial officer now directly owns 43,545 shares of the company’s stock, valued at $548,667. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sun Country Airlines Trading Down 2.3 %

SNCY stock traded down $0.29 during midday trading on Wednesday, hitting $12.37. 617,124 shares of the company’s stock were exchanged, compared to its average volume of 634,629. The company has a market cap of $650.79 million, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. The stock’s fifty day moving average price is $11.46 and its 200-day moving average price is $13.52. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $23.80. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The firm had revenue of $311.50 million during the quarter, compared to the consensus estimate of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SNCY shares. TD Cowen raised their price target on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley restated an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research report on Thursday, June 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.67.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of SNCY. Par Capital Management Inc. increased its position in shares of Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after acquiring an additional 1,352,800 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in Sun Country Airlines during the fourth quarter worth approximately $7,078,000. Vanguard Group Inc. increased its position in Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock worth $62,468,000 after buying an additional 150,735 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Sun Country Airlines by 123.1% during the first quarter. Assenagon Asset Management S.A. now owns 244,507 shares of the company’s stock worth $3,690,000 after buying an additional 134,924 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Sun Country Airlines by 111.5% during the first quarter. Empowered Funds LLC now owns 188,011 shares of the company’s stock worth $2,837,000 after buying an additional 99,097 shares during the last quarter.

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.