Gregory A. Mays Sells 6,147 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 6,147 shares of Sun Country Airlines stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $16.08, for a total transaction of $98,843.76. Following the completion of the transaction, the chief operating officer now directly owns 60,368 shares of the company’s stock, valued at $970,717.44. This trade represents a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Sun Country Airlines Price Performance

Sun Country Airlines stock traded up $0.20 during mid-day trading on Tuesday, hitting $16.00. 1,256,587 shares of the company were exchanged, compared to its average volume of 718,120. The business has a fifty day moving average of $14.83 and a 200 day moving average of $12.63. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $847.04 million, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $16.46.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter last year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current year.

Analysts Set New Price Targets

SNCY has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays boosted their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. Dana Investment Advisors Inc. boosted its holdings 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 worth $10,152,000 after buying an additional 431,515 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Sun Country Airlines by 213.2% during the second quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock worth $6,484,000 after buying an additional 351,421 shares during the last quarter. U S Global Investors Inc. boosted its holdings in Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after buying an additional 336,086 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the third quarter worth about $2,980,000. Finally, American Century Companies Inc. raised its position in shares of Sun Country Airlines by 40.0% during the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after purchasing an additional 257,418 shares during the period.

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.