Sun Country Airlines (NASDAQ:SNCY) Shares Down 3.8% After Insider Selling

Key Points

• Sun Country Airlines shares fell 3.8% after senior VP John Gyurci sold 5,000 shares at an average price of $13.18, significantly decreasing his ownership stake.
• Analyst ratings vary, with Susquehanna lowering its target price to $11.00, while JPMorgan raised its target to $23.00, indicating differing opinions on the stock's prospects.
• The airline reported a net margin of 5.35% and a return on equity of 10.53%, outperforming expectations with a revenue of $263.62 million in its latest quarter.

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) shares were down 3.8% during trading on Monday after an insider sold shares in the company. The stock traded as low as $13.05 and last traded at $13.14. Approximately 239,212 shares traded hands during trading, a decline of 75% from the average daily volume of 966,549 shares. The stock had previously closed at $13.65.

Specifically, VP John Gyurci sold 5,000 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total transaction of $65,900.00. Following the sale, the vice president owned 25,109 shares of the company's stock, valued at approximately $330,936.62. This represents a 16.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of research firms have recently weighed in on SNCY. Susquehanna reaffirmed a "neutral" rating and set a $11.00 price objective (down previously from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Wall Street Zen raised Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on Sun Country Airlines from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley cut their price objective on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Finally, Evercore ISI lowered their target price on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.75.

Sun Country Airlines Stock Down 4.0%

The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.59. The company has a market cap of $698.76 million, a price-to-earnings ratio of 12.35, a P/E/G ratio of 0.33 and a beta of 1.62. The firm's 50 day simple moving average is $12.36 and its 200-day simple moving average is $11.92.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The business had revenue of $263.62 million during the quarter, compared to analysts' expectations of $256.04 million. During the same period in the prior year, the company earned $0.06 earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. Sun Country Airlines has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in SNCY. Voya Investment Management LLC raised its holdings in shares of Sun Country Airlines by 5,842.4% in the first quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company's stock valued at $17,370,000 after buying an additional 1,386,166 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Sun Country Airlines by 53.3% during the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company's stock worth $41,520,000 after purchasing an additional 1,228,721 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Sun Country Airlines by 230.2% during the first quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company's stock worth $11,361,000 after purchasing an additional 642,902 shares in the last quarter. Apollo Management Holdings L.P. purchased a new position in Sun Country Airlines during the second quarter worth about $6,821,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Sun Country Airlines by 91.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company's stock worth $14,301,000 after purchasing an additional 580,062 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.