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

Key Points

• Sun Country COO Stephen Andrew Coley sold 1,202 shares at an average of $15.68 for $18,847.36, reducing his stake by 16.04% to 6,294 shares; the transaction was disclosed on an SEC Form 4 and was done to cover tax withholding on vested equity awards.
• Shares traded at $16.57 midday, with a market capitalization of about $898 million, a P/E of 17.26, 50-/200-day moving averages of $17.13/$15.86, and a 12‑month range of $10.14–$22.29.
• Wall Street is mixed but the consensus rating is a Hold with a $20.29 target, while major institutional investors (Vanguard, Ameriprise, Dimensional, State Street) have recently increased their positions.

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) COO Stephen Andrew Coley sold 1,202 shares of the 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 sale, the chief operating officer directly owned 6,294 shares of the company's stock, valued at approximately $98,689.92. This trade represents 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 accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded up $0.69 during midday trading on Wednesday, reaching $16.57. 362,267 shares of the company's stock were exchanged, compared to its average volume of 1,180,379. The firm has a market capitalization of $897.93 million, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40. The company's 50 day simple moving average is $17.13 and its two-hundred day simple moving average is $15.86. 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 quick ratio of 0.79 and a current ratio of 0.83.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. Equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SNCY shares. Susquehanna upgraded Sun Country Airlines from a "neutral" rating to a "positive" rating and upped their price target for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Wolfe Research downgraded shares of Sun Country Airlines from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, January 20th. Zacks Research lowered shares of Sun Country Airlines from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. TD Cowen reiterated a "hold" rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sun Country Airlines presently has a consensus rating of "Hold" and a consensus target price of $20.29.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sun Country Airlines by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company's stock worth $56,898,000 after purchasing an additional 589,323 shares in the last quarter. Ameriprise Financial Inc. increased its position in Sun Country Airlines by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,178,770 shares of the company's stock valued at $37,351,000 after acquiring an additional 43,197 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sun Country Airlines by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,685,524 shares of the company's stock valued at $38,645,000 after acquiring an additional 161,833 shares in the last quarter. State Street Corp increased its position in Sun Country Airlines by 7.2% in the 4th quarter. State Street Corp now owns 2,023,372 shares of the company's stock valued at $29,116,000 after acquiring an additional 136,038 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Sun Country Airlines by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 1,989,120 shares of the company's stock valued at $23,492,000 after acquiring an additional 150,778 shares in the last quarter.

About Sun Country Airlines

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.

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