Key Points
- COO Stephen Andrew Coley sold 1,202 shares on May 4 at an average of $15.68 for $18,847.36, cutting his stake by 16.04% to 6,294 shares; the sale was disclosed in an SEC filing and was done to cover tax withholding on vested equity awards.
- Shares opened at $16.56 and were trading up about 4.3%, sitting near their 50-day moving average ($17.07) and 200-day moving average ($15.89) with a 52-week range of $10.14–$22.29; Sun Country's market cap is roughly $897.6M and its P/E is 17.25.
- Analysts hold a consensus “Hold” rating with a $20.29 target after mixed reports (including an upgrade from Susquehanna), while several institutional investors — including Canada Pension Plan Investment Board and others — have recently initiated or increased positions.
Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) COO Stephen Andrew Coley sold 1,202 shares of the company's 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 sale, the chief operating officer owned 6,294 shares of the company's stock, valued at $98,689.92. This represents a 16.04% 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 this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sun Country Airlines Trading Up 4.3%
NASDAQ:SNCY opened at $16.56 on Thursday. The company has a fifty day moving average of $17.07 and a 200 day moving average of $15.89. Sun Country Airlines Holdings, Inc. has a 52 week low of $10.14 and a 52 week high of $22.29. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $897.55 million, a P/E ratio of 17.25, a P/E/G ratio of 0.56 and a beta of 1.40.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 3.55% and a return on equity of 6.45%. The company had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. During the same period in the prior year, the business posted $0.27 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1 earnings per share for the current year.
Wall Street Analysts Forecast Growth
SNCY has been the subject of several research analyst reports. Susquehanna upgraded Sun Country Airlines from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $12.00 to $20.00 in a report on Friday, January 9th. TD Cowen reiterated a "hold" rating on shares of Sun Country Airlines in a report on Tuesday, February 10th. Weiss Ratings cut Sun Country Airlines from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Finally, Citigroup lifted their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, March 20th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.29.
View Our Latest Analysis on SNCY
Institutional Investors Weigh In On Sun Country Airlines
A number of large investors have recently modified their holdings of SNCY. EverSource Wealth Advisors LLC grew its stake in Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company's stock worth $25,000 after purchasing an additional 2,040 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines in the second quarter worth $59,000. Tower Research Capital LLC TRC grew its stake in Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company's stock worth $62,000 after purchasing an additional 3,415 shares during the period. Strs Ohio purchased a new stake in Sun Country Airlines in the first quarter worth $86,000. Finally, Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the first quarter worth $88,000.
Sun Country Airlines Company Profile
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Get Free Report)
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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