Insider Selling: Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) SVP Sells 893 Shares of Stock

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) SVP Grant Whitney sold 893 shares of Sun Country Airlines stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.21, for a total transaction of $10,903.53. Following the completion of the transaction, the senior vice president directly owned 26,799 shares in the company, valued at $327,215.79. The trade was a 3.22% 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.

Grant Whitney also recently made the following trade(s):

• On Tuesday, July 1st, Grant Whitney sold 394 shares of Sun Country Airlines stock. The shares were sold at an average price of $11.75, for a total transaction of $4,629.50.

Sun Country Airlines Stock Performance

SNCY traded up $0.14 during trading on Friday, reaching $12.61. The company's stock had a trading volume of 539,519 shares, compared to its average volume of 851,013. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.63. The company's fifty day moving average price is $11.40 and its 200-day moving average price is $13.29. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The company has a market capitalization of $670.71 million, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.24 and a beta of 1.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. The business had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. During the same period last year, the firm earned $0.66 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of SNCY. Voya Investment Management LLC grew its stake in shares of Sun Country Airlines by 5,842.4% during the 1st quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company's stock worth $17,370,000 after purchasing an additional 1,386,166 shares during the period. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines during the first quarter worth about $88,000. Empowered Funds LLC grew its position in Sun Country Airlines by 2.0% during the first quarter. Empowered Funds LLC now owns 228,893 shares of the company's stock worth $2,820,000 after buying an additional 4,569 shares during the period. Goldman Sachs Group Inc. grew its position in Sun Country Airlines by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company's stock worth $14,384,000 after buying an additional 74,558 shares during the period. Finally, Petrus Trust Company LTA purchased a new position in Sun Country Airlines in the first quarter valued at about $334,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays dropped their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. TD Cowen increased their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Susquehanna boosted their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines has a consensus rating of "Moderate Buy" and an average price target of $16.83.

About Sun Country Airlines

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.