Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Insider Sells 22,590 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Rating) insider Eric Levenhagen sold 22,590 shares of the business’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $27.55, for a total transaction of $622,354.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eric Levenhagen also recently made the following trade(s):

• On Thursday, February 17th, Eric Levenhagen sold 31,031 shares of Sun Country Airlines stock. The stock was sold at an average price of $28.48, for a total transaction of $883,762.88.

NASDAQ SNCY traded down $0.02 during trading hours on Wednesday, hitting $27.64. The company had a trading volume of 3,173 shares, compared to its average volume of 417,268. The firm has a market capitalization of $1.60 billion and a price-to-earnings ratio of 21.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 1.33. The firm has a 50 day simple moving average of $25.77 and a 200 day simple moving average of $27.73. Sun Country Airlines Holdings, Inc. has a 52 week low of $20.55 and a 52 week high of $44.13.

Sun Country Airlines (NASDAQ:SNCY – Get Rating) last posted its earnings results on Monday, February 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. The firm had revenue of $172.55 million for the quarter, compared to analysts’ expectations of $167.24 million. Sun Country Airlines had a return on equity of 4.29% and a net margin of 12.44%. The business’s revenue was up 60.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) earnings per share. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.2 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of SNCY. Clearview Wealth Advisors LLC purchased a new stake in Sun Country Airlines during the third quarter valued at $34,000. UBS Group AG grew its holdings in Sun Country Airlines by 485.6% during the 3rd quarter. UBS Group AG now owns 1,224 shares of the company’s stock worth $41,000 after acquiring an additional 1,015 shares in the last quarter. Moors & Cabot Inc. bought a new stake in shares of Sun Country Airlines in the 3rd quarter valued at about $51,000. Royal Bank of Canada raised its position in shares of Sun Country Airlines by 77.1% in the 2nd quarter. Royal Bank of Canada now owns 2,918 shares of the company’s stock valued at $108,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Sun Country Airlines by 13.5% in the 3rd quarter. Citigroup Inc. now owns 4,309 shares of the company’s stock valued at $145,000 after purchasing an additional 511 shares during the last quarter.

SNCY has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Sun Country Airlines from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Barclays lowered their target price on shares of Sun Country Airlines from $35.00 to $32.00 in a report on Thursday, April 7th. Morgan Stanley reduced their target price on shares of Sun Country Airlines from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, April 4th. Finally, Evercore ISI started coverage on shares of Sun Country Airlines in a research report on Wednesday, December 22nd. They issued an “outperform” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $37.67.

Sun Country Airlines Company Profile (Get Rating)

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.

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