Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) VP William Trousdale Sells 30,000 Shares

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) VP William Trousdale sold 30,000 shares of the company’s stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $32.92, for a total transaction of $987,600.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ SNCY traded up $1.22 during midday trading on Wednesday, reaching $34.27. 226,153 shares of the company’s stock traded hands, compared to its average volume of 389,554. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.46 and a current ratio of 1.48. The stock’s 50 day moving average is $32.75. Sun Country Airlines Holdings, Inc. has a one year low of $29.09 and a one year high of $44.13.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Thursday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.21. The business had revenue of $149.19 million for the quarter, compared to the consensus estimate of $135.12 million. On average, analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.23 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of Sun Country Airlines during the second quarter valued at approximately $50,000. Advisor Group Holdings Inc. lifted its position in Sun Country Airlines by 303.7% during the second quarter. Advisor Group Holdings Inc. now owns 1,643 shares of the company’s stock valued at $60,000 after acquiring an additional 1,236 shares during the last quarter. Royal Bank of Canada purchased a new stake in Sun Country Airlines during the first quarter valued at approximately $57,000. Point72 Asset Management L.P. purchased a new stake in Sun Country Airlines during the second quarter valued at approximately $100,000. Finally, Morgan Stanley lifted its position in Sun Country Airlines by 2,407.5% during the second quarter. Morgan Stanley now owns 5,015 shares of the company’s stock valued at $186,000 after acquiring an additional 4,815 shares during the last quarter.

Several equities analysts recently commented on the stock. Susquehanna assumed coverage on shares of Sun Country Airlines in a report on Tuesday, July 13th. They set a “positive” rating and a $42.00 price target on the stock. Susquehanna Bancshares assumed coverage on shares of Sun Country Airlines in a report on Tuesday, July 13th. They set a “positive” rating and a $34.74 price target on the stock. Zacks Investment Research upgraded shares of Sun Country Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 4th. Finally, Morgan Stanley upped their target price on shares of Sun Country Airlines from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Sun Country Airlines presently has a consensus rating of “Buy” and a consensus price target of $42.53.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. As of May 17, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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