On November 5, 2024, David Davis, President & Chief Financial Officer of Sun Country Airlines Holdings Inc (SNCY, Financial), sold 2,115 shares of the company. The transaction was executed at a price of $14.51 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 36,158 shares of Sun Country Airlines Holdings Inc.
Sun Country Airlines Holdings Inc operates as a low-cost air carrier in the United States, focusing on leisure and visiting friends and relatives (VFR) travelers. The airline also provides charter air transportation services to the U.S. Department of Defense and collegiate athletic teams.
Over the past year, David Davis has sold a total of 14,512 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 37 insider sells and no insider buys over the last year.
The shares of Sun Country Airlines Holdings Inc were trading at $14.51 on the day of the sale, giving the company a market cap of approximately $813.156 million. The price-earnings ratio of the company stands at 19.21, which is above the industry median of 14.36.
According to the GF Value, the intrinsic value of Sun Country Airlines Holdings Inc is estimated at $23.35 per share, suggesting that the stock might be undervalued. The price-to-GF-Value ratio is currently 0.62, indicating the stock could be a possible value trap, and investors should think twice before making an investment decision.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of the company’s future performance and valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
