David M. Davis, President and Executive Director Sun Country Airlines Holdings Inch. (Nasdaq :), he recently sold a significant part of his stakes in the company. According to the application with the Commission for Securities and Exchange, Davis sold 59,380 shares at a weighted 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 has occurred near the 52-week Maxima Stock of $ 17.51, during a period of strong performance, and supplies are almost 39% in the last six months. According to Investment Analysis, stock currently appears undervalued on the basis of its measuring data fair values. These transactions, conducted in established trading plan of 10B5-1, amounted to about $ 1.8 million.
In addition to this sale, Davis took advantage of the shares options, procuring a total of 108,844 shares at a price of $ 5.30 per share for two days. Despite the sale, Davis still has a significant number of shares in the company, maintaining a balance after a transaction of 32,260 shares.
In other recent news, Sun Country Airlines was the subject of analysts, AI JPMORGAN and Goldman Sachs initiated coverage. JPMORGAN assigned an overweight assessment, citing a diverse flow of revenue of an airline and a strong operating margin. Goldman Sachs, on the other hand, assigned a neutral rating, emphasizing the strong margins of the company and the potential for the growth of margins in 2025.
Sun Country recently reported about earnings in Q3, with total revenues of $ 249.5 million. This was despite reducing revenue from passenger segment of 3% and reducing scheduled revenues of 5.9%. However, revenues of the cargo segment reached a record $ 29.2 million, which indicated an increase of 11.9%.
The aviation company also revealed that by the end of 2024, he added five leased aircraft to Oman and considers the ability to buy shares 2025. Looking in advance, Sun Country Projects Q4 revenue between $ 250 million and $ 260 million, with an operating margin of 7% to 9%. These recent events are undergoing a unique Sun Country business model, combining passenger, cargo and charter services, which has favorably positioned it on the market.
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