Sun Country Airlines chief accounting officer sells $469,774 in stock

John Gyurci, the Chief Accounting Officer and Vice President of Finance at Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), recently executed a series of stock transactions. According to a filing with the Securities and Exchange Commission, Gyurci sold 27,482 shares of common stock on January 27, generating approximately $469,774. The shares were sold at a weighted average price of $17.0939, with individual transactions ranging from $17.00 to $17.35. The sale price aligns closely with the current market value of $16.87, with InvestingPro analysis indicating the stock is currently undervalued based on its Fair Value assessment.

These sales were conducted under a Rule 10b5-1 trading plan, which was put in place on September 10, 2024. Additionally, Gyurci exercised options to acquire 27,482 shares at $5.30 per share prior to the sale. Following these transactions, Gyurci holds 11,618 shares of Sun Country Airlines stock directly. InvestingPro data shows the stock has demonstrated strong momentum with a 33% gain over the past six months, and investors should note that the company’s next earnings report is due in just 5 days. Get access to comprehensive analysis and 7 additional ProTips with an InvestingPro subscription.

In other recent news, Sun Country Airlines has experienced a series of significant developments. JPMorgan initiated coverage of the airline, assigning it an Overweight rating, reflecting a positive outlook on the company’s financial prospects. This was driven by a diversified revenue stream and strong operational margins. Goldman Sachs also resumed coverage, assigning a Neutral rating and highlighting the airline’s robust margins and potential for growth into 2025.

Sun Country Airlines reported mixed results for the third quarter of 2024, with total revenue remaining roughly level with the previous year at $249.5 million. The airline’s cargo segment revenue hit a record $29.2 million, an increase of 11.9%, with further growth expected. The company also projects Q4 revenue between $250 million and $260 million, with an operating margin of 7% to 9%.

The airline’s future plans include the addition of five leased Oman aircraft by the end of 2024 and a review of the possibility of share buybacks in 2025. These recent developments are part of the airline’s strategic plans, which are built on a unique business model combining passenger, cargo, and charter services. This has positioned Sun Country favorably in the market and sets the stage for potential future growth.

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