Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) COO Gregory A. Mays sold 1,319 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.03, for a total value of $15,867.57. Following the transaction, the chief operating officer now owns 87,837 shares in the company, valued at approximately $1,056,679.11. The trade was a 1.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Sun Country Airlines Stock Down 11.2 %
Shares of SNCY opened at $10.90 on Friday. The company's 50-day moving average price is $15.18 and its 200 day moving average price is $14.23. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market cap of $579.42 million, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The firm had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on SNCY. Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.29.
Read Our Latest Report on Sun Country Airlines
Institutional Investors Weigh In On Sun Country Airlines
A number of institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in Sun Country Airlines during the 4th quarter worth about $30,841,000. Ameriprise Financial Inc. lifted its position in shares of Sun Country Airlines by 34.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after purchasing an additional 791,669 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $8,868,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $6,898,000. Finally, Zimmer Partners LP purchased a new stake in Sun Country Airlines during the 4th quarter worth approximately $6,261,000.
Sun Country Airlines Company Profile
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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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