Sun Country Airlines President Sells $1.8 Million in Shares By Investing.com

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David M. Davis, President and CFO of Sun Country Airlines Holdings Inc. (NASDAQ: ), recently sold a majority stake in the company. According to filings with the Securities and Exchange Commission, Davis sold 59,380 shares at an average price of $16.9096 on January 21, 2025. The next day, he sold an additional 48,464 shares at a weighted average price of $17.0209. The sale occurred during the stock’s 52-week high of $17.51, which has seen the stock rise nearly 39 percent in the past six months. According to InvestingPro analysis, the stock currently looks undervalued based on fair value metrics. These transactions, conducted under a pre-filed Rule 10b5-1 business plan, totaled approximately $1.8 million.

In addition to these sales, Davis exercised stock options to acquire a total of 108,844 shares at an exercise price of $5.30 over two days. Despite the sale, Davis continues to hold the majority stake in the company, retaining 32,260 shares after the transaction.

In other recent news, Sun Country Airlines has been the focus of analysts, with both JPMorgan and Goldman Sachs initiating coverage. JPMorgan gave the airline an overweight rating, citing its diversified revenue stream and strong operating margins. On the other hand, Goldman Sachs noted the company’s strong margins and It has given it a neutral rating, showing potential for marginal growth through 2025.

Sun Country recently reported Q3 earnings, with total revenue remaining at $249.5 million. This was despite a 3 percent decline in passenger segment revenue and a 5.9 percent decline in scheduled service revenue. However, cargo segment revenue hit a record $29.2 million, up 11.9 percent.

The airline said it plans to add five Omani aircraft by the end of 2024 and is considering a share buyback in 2025. Looking ahead, Sun Country projects Q4 revenue of $250 million to $260 million. 9% These recent developments have led to Sun Country’s unique business model, combining passenger, cargo and charter services, to create a competitive advantage in the market.

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