Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) CFO David M. Davis sold 978 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $10.86, for a total transaction of $10,621.08. Following the completion of the sale, the chief financial officer now directly owns 38,273 shares of the company's stock, valued at $415,644.78. The transaction was disclosed in a filing with the SEC, which is available at this link.
Sun Country Airlines Stock Down 3.3 %
NASDAQ SNCY opened at $9.96 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market capitalization of $524.01 million, a P/E ratio of 8.16, a P/E/G ratio of 0.60 and a beta of 1.54. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $17.56. The stock has a 50 day moving average price of $10.80 and a 200-day moving average price of $11.91.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $254.40 million during the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of brokerages have issued reports on SNCY. Susquehanna cut their price objective on shares of Sun Country Airlines from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Friday, August 16th. Morgan Stanley reaffirmed an "overweight" rating and set a $21.00 price objective on shares of Sun Country Airlines in a report on Thursday, June 20th. Finally, TD Cowen increased 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.
Get Our Latest Research Report on SNCY
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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 acquiring an additional 75,252 shares during the last quarter. Par Capital Management Inc. lifted its position in Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company's stock worth $43,525,000 after buying an additional 1,352,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company's stock worth $14,899,000 after buying an additional 112,397 shares during the last quarter. American Century Companies Inc. lifted its position in Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company's stock worth $11,321,000 after buying an additional 257,418 shares during the last quarter. Finally, Dana Investment Advisors Inc. lifted its position in Sun Country Airlines by 114.5% in 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.
Sun Country Airlines Company Profile
(
Get Free Report)
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.
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