Insider Selling: Sun Country Airlines (NASDAQ:SNCY) COO Sells $18,847.36 in Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) COO Stephen Andrew Coley sold 1,202 shares of Sun Country Airlines stock in a transaction on Monday, May 4th. The shares were sold at an average price of $15.68, for a total transaction of $18,847.36. Following the completion of the transaction, the chief operating officer directly owned 6,294 shares in the company, valued at $98,689.92. The trade was a 16.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $17.02 on Friday. The firm’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $15.93. The stock has a market capitalization of $922.48 million, a price-to-earnings ratio of 17.73, a PEG ratio of 0.60 and a beta of 1.40. Sun Country Airlines Holdings, Inc. has a 12 month low of $10.14 and a 12 month high of $22.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.83 and a quick ratio of 0.79.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $280.96 million for the quarter, compared to analysts’ expectations of $272.98 million. Sun Country Airlines had a net margin of 3.55% and a return on equity of 6.45%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. As a group, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sun Country Airlines by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after purchasing an additional 1,014 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Sun Country Airlines by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after purchasing an additional 74,558 shares during the period. Empowered Funds LLC grew its stake in shares of Sun Country Airlines by 2.0% during the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock worth $2,820,000 after purchasing an additional 4,569 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Sun Country Airlines during the 1st quarter worth $88,000. Finally, Creative Planning grew its stake in shares of Sun Country Airlines by 115.3% during the 2nd quarter. Creative Planning now owns 34,728 shares of the company’s stock worth $408,000 after purchasing an additional 18,596 shares during the period.

Analyst Ratings Changes

Several equities analysts have issued reports on SNCY shares. Citigroup boosted their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Weiss Ratings cut shares of Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. TD Cowen dropped their price objective on shares of Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Finally, Wolfe Research cut shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of “Hold” and a consensus target price of $19.57.

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.