Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Insider Eric Levenhagen Sells 59,349 Shares

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYGet Rating) insider Eric Levenhagen sold 59,349 shares of the business’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $27.63, for a total transaction of $1,639,812.87. Following the transaction, the insider now owns 1,337 shares of the company’s stock, valued at approximately $36,941.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, April 14th, Eric Levenhagen sold 22,590 shares of Sun Country Airlines stock. The stock was sold at an average price of $27.55, for a total transaction of $622,354.50.
  • 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 up $1.46 during trading hours on Thursday, hitting $29.11. The company had a trading volume of 770,627 shares, compared to its average volume of 418,760. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 1.33. Sun Country Airlines Holdings, Inc. has a 1-year low of $20.55 and a 1-year high of $44.13. The company has a market cap of $1.68 billion and a PE ratio of 22.87. The business has a 50 day moving average of $25.73 and a 200-day moving average of $27.73.

Sun Country Airlines (NASDAQ:SNCYGet Rating) last announced its earnings results on Monday, February 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.11. Sun Country Airlines had a net margin of 12.44% and a return on equity of 4.29%. The business had revenue of $172.55 million during the quarter, compared to analysts’ expectations of $167.24 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The business’s revenue was up 60.1% compared to the same quarter last year. Sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.2 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the stock. Barclays lowered their target price on shares of Sun Country Airlines from $35.00 to $32.00 in a research note on Thursday, April 7th. Morgan Stanley decreased their price objective on shares of Sun Country Airlines from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, April 4th. Zacks Investment Research downgraded shares of Sun Country Airlines from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th. Finally, Evercore ISI assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, December 22nd. They issued an “outperform” rating and a $45.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Buy” and an average target price of $37.67.

Large investors have recently made changes to their positions in the company. Clearview Wealth Advisors LLC purchased a new stake in shares of Sun Country Airlines in the third quarter valued at about $34,000. UBS Group AG raised its holdings in shares of Sun Country Airlines by 485.6% in the third quarter. UBS Group AG now owns 1,224 shares of the company’s stock valued at $41,000 after buying an additional 1,015 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Sun Country Airlines by 77.1% in the second quarter. Royal Bank of Canada now owns 2,918 shares of the company’s stock valued at $108,000 after buying an additional 1,270 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Sun Country Airlines by 13.5% in the third quarter. Citigroup Inc. now owns 4,309 shares of the company’s stock valued at $145,000 after buying an additional 511 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Sun Country Airlines by 2,407.5% in the second quarter. Morgan Stanley now owns 5,015 shares of the company’s stock valued at $186,000 after buying an additional 4,815 shares during the last quarter.

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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