Erin Rose Neale Sells 1,802 Shares of Sun Country Airlines (NASDAQ:SNCY) Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Erin Rose Neale sold 1,802 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $26,975.94. Following the completion of the sale, the senior vice president directly owned 41,188 shares in the company, valued at approximately $616,584.36. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Erin Rose Neale also recently made the following trade(s):

• On Friday, January 2nd, Erin Rose Neale sold 280 shares of Sun Country Airlines stock. The stock was sold at an average price of $14.23, for a total transaction of $3,984.40.
• On Tuesday, December 2nd, Erin Rose Neale sold 623 shares of Sun Country Airlines stock. The shares were sold at an average price of $13.95, for a total transaction of $8,690.85.

Sun Country Airlines Stock Performance

SNCY stock traded down $0.11 during midday trading on Wednesday, reaching $15.26. 490,740 shares of the company’s stock traded hands, compared to its average volume of 672,409. The firm has a market capitalization of $804.51 million, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.34 and a beta of 1.57. The company has a 50-day moving average price of $13.51 and a two-hundred day moving average price of $12.62. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $127.61 million during the quarter. Sun Country Airlines had a net margin of 5.25% and a return on equity of 10.32%. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SNCY shares. Citigroup increased their price target on shares of Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Sun Country Airlines from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. Cantor Fitzgerald set a $21.00 price target on shares of Sun Country Airlines in a report on Monday, November 3rd. Finally, Evercore ISI raised their price target on Sun Country Airlines from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its stake in Sun Country Airlines by 5,842.4% in the first quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock worth $17,370,000 after buying an additional 1,386,166 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Sun Country Airlines by 53.3% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after acquiring an additional 1,228,721 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sun Country Airlines by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock valued at $56,898,000 after purchasing an additional 589,323 shares in the last quarter. Apollo Management Holdings L.P. purchased a new stake in shares of Sun Country Airlines in the 2nd quarter valued at $6,821,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Sun Country Airlines by 91.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock valued at $14,301,000 after purchasing an additional 580,062 shares during the last quarter.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.