Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Sells $23,750.19 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,193 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $10.83, for a total transaction of $23,750.19. Following the transaction, the chief executive officer now directly owns 120,712 shares of the company’s stock, valued at $1,307,310.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY opened at $10.00 on Friday. The firm has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $11.91. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $17.56. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $526.11 million, a P/E ratio of 8.20, a PEG ratio of 0.60 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, analysts expect that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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. Morgan Stanley reissued an “overweight” rating and set a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. Finally, Susquehanna reduced their price objective on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th.

Hedge Funds Weigh In On Sun Country Airlines

Several large investors have recently modified their holdings of SNCY. Vanguard Group Inc. boosted its stake in Sun Country Airlines by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after buying an additional 75,252 shares during the period. Par Capital Management Inc. boosted its stake in shares of Sun Country Airlines by 95.7% during the 4th quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock worth $43,525,000 after purchasing an additional 1,352,800 shares during the period. Dimensional Fund Advisors LP grew its holdings in Sun Country Airlines by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after purchasing an additional 112,397 shares during the last quarter. American Century Companies Inc. grew its holdings in Sun Country Airlines by 40.0% during the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after purchasing an additional 257,418 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its position in Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares during the period.

About Sun Country Airlines

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.