Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) SVP Erin Rose Neale sold 786 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.41, for a total transaction of $11,326.26. Following the transaction, the senior vice president now owns 36,992 shares of the company's stock, valued at approximately $533,054.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sun Country Airlines Stock Down 1.9 %
Sun Country Airlines stock opened at $14.12 on Friday. The stock has a market capitalization of $752.45 million, a PE ratio of 11.57 and a beta of 1.62. Sun Country Airlines Holdings, Inc. has a twelve month low of $11.96 and a twelve month high of $23.80. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $14.63 and a 200-day moving average of $14.58.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $245.54 million during the quarter, compared to analysts' expectations of $248.82 million. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.6 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new position in Sun Country Airlines during the first quarter worth $253,000. Advisor Group Holdings Inc. boosted its holdings in Sun Country Airlines by 31.0% during the first quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company's stock worth $61,000 after purchasing an additional 550 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Sun Country Airlines by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 123,755 shares of the company's stock worth $3,240,000 after purchasing an additional 5,496 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Sun Country Airlines by 55.4% during the first quarter. MetLife Investment Management LLC now owns 19,144 shares of the company's stock worth $501,000 after purchasing an additional 6,826 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Sun Country Airlines by 18.8% during the first quarter. Rhumbline Advisers now owns 32,476 shares of the company's stock worth $850,000 after purchasing an additional 5,128 shares during the last quarter.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SNCY. Morgan Stanley upgraded shares of Sun Country Airlines from an "equal weight" rating to an "overweight" rating and set a $21.00 price objective for the company in a report on Monday, February 26th. Barclays boosted their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, February 5th. Finally, Susquehanna restated a "neutral" rating and set a $15.00 price objective (down previously from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.60.
Get Our Latest Report on SNCY
Sun Country Airlines Company Profile
(
Get Free Report)
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.
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