Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker Sells 2,193 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) CEO Jude Bricker sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $10.83, for a total value of $23,750.19. Following the transaction, the chief executive officer now directly owns 120,712 shares in the company, valued at $1,307,310.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sun Country Airlines Trading Down 3.3 %

Shares of SNCY opened at $9.96 on Friday. The firm has a market cap of $524.01 million, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. The business has a 50-day moving average of $10.80 and a 200 day moving average of $11.91.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The firm had revenue of $254.40 million during the quarter, compared to analyst estimates of $255.59 million. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently modified their holdings of SNCY. LSV Asset Management grew its position in shares of Sun Country Airlines by 32.2% during the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after purchasing an additional 61,558 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Sun Country Airlines by 199.6% during the 1st quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after acquiring an additional 65,991 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Sun Country Airlines during the first quarter worth about $1,208,000. DekaBank Deutsche Girozentrale bought a new position in shares of Sun Country Airlines in the first quarter worth approximately $66,000. Finally, Algert Global LLC raised its stake in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after purchasing an additional 243,028 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on SNCY. Morgan Stanley restated an “overweight” rating and issued a $21.00 target price on shares of Sun Country Airlines in a report on Thursday, June 20th. Susquehanna lowered their target price on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, TD Cowen upped their price objective on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th.

Sun Country Airlines Company Profile

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.