Insider Selling: Sun Country Airlines (NASDAQ:SNCY) CMO Sells $23,615.85 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CMO Colton Matthew Snow sold 1,565 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total value of $23,615.85. Following the completion of the transaction, the chief marketing officer directly owned 34,686 shares of the company’s stock, valued at $523,411.74. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Colton Matthew Snow also recently made the following trade(s):

• On Friday, January 2nd, Colton Matthew Snow sold 145 shares of Sun Country Airlines stock. The stock was sold at an average price of $14.37, for a total transaction of $2,083.65.

Sun Country Airlines Stock Down 0.7%

Shares of Sun Country Airlines stock traded down $0.11 during trading hours on Wednesday, hitting $15.26. The company had a trading volume of 490,740 shares, compared to its average volume of 672,409. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73. The company’s 50-day moving average is $13.51 and its two-hundred day moving average is $12.62. The company has a market cap of $804.51 million, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.34 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59.

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

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors have recently bought and sold shares of SNCY. Voya Investment Management LLC boosted its holdings in shares of 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 valued at $17,370,000 after acquiring an additional 1,386,166 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in Sun Country Airlines by 53.3% in the second 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 during the period. Vanguard Group Inc. lifted its position in Sun Country Airlines by 13.9% in the third 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 during the period. Apollo Management Holdings L.P. purchased a new stake in Sun Country Airlines in the 2nd quarter valued at approximately $6,821,000. Finally, Arrowstreet Capital Limited Partnership increased its position in 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 worth $14,301,000 after purchasing an additional 580,062 shares during the period.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen raised their price target on Sun Country Airlines from $15.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Evercore ISI raised their target price on shares of Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Wall Street Zen cut shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. 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 research note on Wednesday. Finally, Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.25.

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.