Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Sells $33,989.46 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Grant Whitney sold 2,127 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $15.98, for a total value of $33,989.46. Following the sale, the senior vice president now directly owns 20,367 shares in the company, valued at $325,464.66. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Grant Whitney also recently made the following trade(s):

• On Monday, January 13th, Grant Whitney sold 3,912 shares of Sun Country Airlines stock. The stock was sold at an average price of $15.88, for a total value of $62,122.56.
• On Monday, January 6th, Grant Whitney sold 813 shares of Sun Country Airlines stock. The shares were sold at an average price of $14.34, for a total value of $11,658.42.
• On Friday, January 3rd, Grant Whitney sold 474 shares of Sun Country Airlines stock. The stock was sold at an average price of $14.19, for a total transaction of $6,726.06.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $15.98 on Friday. The stock has a market cap of $845.98 million, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. The firm has a 50-day moving average of $14.87 and a two-hundred day moving average of $12.68. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.46. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SNCY shares. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna raised their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th. Finally, Barclays increased their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.67.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in SNCY. State Street Corp raised its holdings in shares of Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares in the last quarter. FMR LLC raised its holdings in shares of Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after purchasing an additional 114,687 shares in the last quarter. Algert Global LLC raised its holdings in shares of Sun Country Airlines by 207.3% in the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after purchasing an additional 243,028 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sun Country Airlines in the 3rd quarter worth approximately $500,000. Finally, Maverick Capital Ltd. bought a new position in shares of Sun Country Airlines during the second quarter valued at approximately $1,890,000.

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.