Sun Country Airlines (NASDAQ:SNCY) Stock Price Down 11.4% on Insider Selling

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price fell 11.4% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $9.62 and last traded at $9.77. 60,457 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 618,078 shares. The stock had previously closed at $11.03.

Specifically, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $12.42, for a total value of $62,100.00. Following the completion of the transaction, the senior vice president now directly owns 26,355 shares in the company, valued at $327,329.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $12.42, for a total value of $62,100.00. Following the completion of the sale, the senior vice president now owns 26,355 shares of the company’s stock, valued at approximately $327,329.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jude Bricker sold 2,086 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the sale, the chief executive officer now owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,964 shares of company stock worth $249,375. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNCY has been the topic of several recent research reports. TD Cowen upped their price target on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $21.00 target price 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Sun Country Airlines Stock Down 7.5 %

The company has a fifty day simple moving average of $11.65 and a 200 day simple moving average of $13.08. The firm has a market capitalization of $522.42 million, a P/E ratio of 8.91, a P/E/G ratio of 0.49 and a beta of 1.57. 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 (NASDAQ:SNCY) last issued its earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $254.40 million for the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.44%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts expect that Sun Country Airlines Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Trading of Sun Country Airlines

Large investors have recently made changes to their positions in the stock. LSV Asset Management raised its stake in Sun Country Airlines by 32.2% during the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after buying an additional 61,558 shares during the last quarter. GSA Capital Partners LLP increased its position in Sun Country Airlines by 199.6% during the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after acquiring an additional 65,991 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Sun Country Airlines in the first quarter valued at about $1,208,000. Dynamic Technology Lab Private Ltd purchased a new position in Sun Country Airlines in the fourth quarter worth about $431,000. Finally, Vanguard Group Inc. grew its stake in shares of Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after purchasing an additional 75,252 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.