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John Gyurci, Chief Accounting Officer and Vice President of Finance at Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), recently executed a series of stock transactions as reported in an SEC filing. On January 29 and 30, Gyurci sold a total of 4,152 shares of Sun Country common stock, netting approximately $70,689. These sales were conducted under a pre-established Rule 10b5-1 trading plan, with prices ranging from $17.00 to $17.0268 per share. The transactions occurred as the stock trades near its 52-week high of $17.51, following impressive returns of nearly 30% over the past six months. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value metrics.
In addition to the sales, Gyurci exercised stock options, acquiring 4,152 shares at a price of $5.30 per share, resulting in a total transaction value of $22,005. Following these transactions, Gyurci holds 11,618 shares of Sun Country common stock. InvestingPro subscribers can access detailed financial health metrics, including 8 additional ProTips and comprehensive analysis of the company’s $900M market cap airline operation. Get the full picture with InvestingPro’s exclusive Research Report, part of our coverage of over 1,400 US stocks.
In other recent news, Sun Country Airlines has been the subject of attention from financial analysts. JPMorgan initiated coverage of the airline with an Overweight rating based on the company’s diversified revenue stream and strong operational margins. In contrast, Goldman Sachs resumed coverage with a Neutral rating, highlighting the airline’s robust margins and potential for margin 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. Despite a decrease in passenger segment revenue by 3% and a 5.9% reduction in scheduled service revenue, the airline’s cargo segment revenue hit a record $29.2 million, up 11.9%, with further growth expected.
The airline plans to add five leased Oman aircraft by the end of 2024 and projects Q4 revenue between $250 million and $260 million, with an operating margin of 7% to 9%. Sun Country’s unique business model, combining passenger, cargo, and charter services, has positioned it favorably in the market. The possibility of share buybacks will be reviewed in 2025, according to the company’s recent developments.
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