Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays Sells 854 Shares

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Gregory A. Mays sold 854 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $12.60, for a total transaction of $10,760.40. Following the completion of the sale, the chief operating officer now owns 68,280 shares in the company, valued at $860,328. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Sun Country Airlines Stock Down 2.3 %

Shares of NASDAQ SNCY opened at $12.37 on Thursday. The stock has a market cap of $650.79 million, a PE ratio of 10.14, a P/E/G ratio of 0.63 and a beta of 1.56. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $23.80. The company has a 50-day moving average of $11.42 and a 200 day moving average of $13.51.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNCY. Morgan Stanley reiterated an “overweight” rating and set a $21.00 price objective on shares of Sun Country Airlines in a report on Thursday, June 20th. TD Cowen upped their price objective on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and an average price target of $19.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SNCY. Assetmark Inc. increased its position in Sun Country Airlines by 39.0% during the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after purchasing an additional 929 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sun Country Airlines during the 1st quarter worth approximately $66,000. Virtu Financial LLC purchased a new stake in shares of Sun Country Airlines during the 1st quarter valued at approximately $155,000. Lazard Asset Management LLC lifted its holdings in Sun Country Airlines by 310.0% in the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock valued at $155,000 after acquiring an additional 7,819 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Sun Country Airlines in the first quarter worth approximately $251,000.

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.