Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CFO Sells $18,781.20 in Stock

Posted by on Jun 12th, 2023

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Rating) CFO David M. Davis sold 940 shares of Sun Country Airlines stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $19.98, for a total transaction of $18,781.20. Following the transaction, the chief financial officer now directly owns 32,962 shares in the company, valued at $658,580.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sun Country Airlines Stock Up 3.6 %

Shares of SNCY stock traded up $0.71 during mid-day trading on Monday, hitting $20.21. The stock had a trading volume of 273,804 shares, compared to its average volume of 401,425. Sun Country Airlines Holdings, Inc. has a 12-month low of $13.25 and a 12-month high of $23.55. The firm has a market capitalization of $1.14 billion, a P/E ratio of 22.41 and a beta of 1.46. The firm’s 50-day moving average is $18.71 and its two-hundred day moving average is $18.87. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.89 and a quick ratio of 0.87.

Sun Country Airlines (NASDAQ:SNCY – Get Rating) last released its quarterly earnings results on Friday, April 28th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Sun Country Airlines had a return on equity of 10.68% and a net margin of 5.44%. The company had revenue of $294.12 million during the quarter, compared to analysts’ expectations of $283.05 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds have recently bought and sold shares of the business. Boston Partners lifted its holdings in Sun Country Airlines by 7.3% during the 4th quarter. Boston Partners now owns 44,611 shares of the company’s stock worth $708,000 after buying an additional 3,049 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in Sun Country Airlines by 53.6% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 578,423 shares of the company’s stock valued at $9,174,000 after acquiring an additional 201,804 shares during the last quarter. CenterBook Partners LP acquired a new position in Sun Country Airlines in the third quarter valued at $217,000. Emerald Advisers LLC raised its position in Sun Country Airlines by 1.2% in the fourth quarter. Emerald Advisers LLC now owns 719,678 shares of the company’s stock valued at $11,414,000 after purchasing an additional 8,448 shares during the period. Finally, Arcadia Investment Management Corp MI purchased a new position in Sun Country Airlines in the fourth quarter valued at about $91,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SNCY shares. TheStreet raised shares of Sun Country Airlines from a “d” rating to a “c-” rating in a report on Wednesday, May 3rd. Barclays upped their price objective on shares of Sun Country Airlines from $21.00 to $27.00 in a research report on Friday, March 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.78.

About Sun Country Airlines

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Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.

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