David M. Davis, President and Financial Director of the company Sun Country Airlines Holding Company (NASDAQ 🙂 recently sold a large part of his property in the company. According to the Securities and Exchange Committee, Davis sold 59380 shares on January 21, 2025, at an average price of $ 16,9096. The next day, 48,464 additional shares sold an average price of $ 17,0209. Sales occurred near the highest level of the share in 52 weeks at $ 17.51, during a period of strong performance, with an increase of approximately 39 % over the past six months. according to InvestingPro Analysis, the stock currently appears to be less than its value based on fair value standards. The total of these transactions, which were conducted under the pre-defined trading plan, reached about $ 1.8 million.
In addition to these sales, Davis practiced stock options, with a total of 108,844 shares at a price of $ 5.30 per share over two days. Despite sales, Davis continues to keep a large number of shares in the company, and maintains the post -deal balance of 32,260 shares.
In other recent news, Sun Country Airlines was the focus of analysts, as JPMorgan and Goldman Sachs began coverage. JPMorgan set up the excess weight classification, pointing to the flow of various airline revenues and powerful operational margins. On the other hand, Goldman Sachs gave a neutral rating, highlighting the margins of the strong company and margin growth potential until 2025.
Sun Country recently announced the third quarter profits, with total revenues stabilizing at $ 249.5 million. This came despite the decrease in the revenues of the passenger sector by 3% and the decrease in the revenues of scheduled services by 5.9%. However, the revenue of the shipping sector reached a record amount of $ 29.2 million, recording an increase of 11.9%.
The airline also revealed plans to add five rented Omani aircraft by the end of 2024 and is studying the possibility of sharing the shares in 2025. Given, the Future Company expects the fourth -quarter revenues to range between 250 million dollars and 260 million dollars, with an operating margin of 7 %To 9%. These recent developments emphasize the unique business model of Sun Country, which combines passenger transport services, goods, and damage services, which made them in a positive position in the market.
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