Insider Selling: Sun Country Airlines (NASDAQ:SNCY) SVP Sells $30,964.68 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Stephen Andrew Coley sold 2,052 shares of Sun Country Airlines stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the transaction, the senior vice president owned 45,040 shares in the company, valued at approximately $679,653.60. This trade represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sun Country Airlines Trading Up 2.7%

SNCY stock opened at $15.77 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.76. The company has a market cap of $831.39 million, a price-to-earnings ratio of 15.02, a PEG ratio of 0.34 and a beta of 1.57. The business has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $12.69. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share for the quarter. The firm 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%. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its position in shares of Sun Country Airlines by 5,842.4% during the first quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock worth $17,370,000 after acquiring an additional 1,386,166 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in Sun Country Airlines by 53.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock valued at $41,520,000 after purchasing an additional 1,228,721 shares in the last quarter. Vanguard Group Inc. grew its stake in Sun Country Airlines by 13.9% during 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 Sun Country Airlines during the 2nd quarter worth approximately $6,821,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Sun Country Airlines by 91.1% in 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SNCY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on shares of Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Evercore ISI increased 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. Wall Street Zen lowered Sun Country Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research note on Friday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.13.

About Sun Country Airlines

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.