Sun Country Airlines (NASDAQ:SNCY) Shares Gap Down - Here's What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $15.10, but opened at $14.20. Sun Country Airlines shares last traded at $14.19, with a volume of 232,430 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNCY. Susquehanna lifted their target price on Sun Country Airlines from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Monday. Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.80.

Sun Country Airlines Trading Down 4.5 %

The company has a 50-day moving average of $11.35 and a 200 day moving average of $11.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.56. The company has a market cap of $763.39 million, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analysts' expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Analysts predict that Sun Country Airlines Holdings, Inc. will post 0.86 earnings per share for the current year.

Insider Activity

In related news, VP John Gyurci sold 3,000 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares in the company, valued at approximately $162,799.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 7,788 shares of company stock valued at $85,852. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company's stock valued at $188,000 after buying an additional 1,087 shares during the period. Illinois Municipal Retirement Fund grew its stake in Sun Country Airlines by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company's stock worth $345,000 after acquiring an additional 1,130 shares in the last quarter. American International Group Inc. increased its position in shares of Sun Country Airlines by 11.4% during the first quarter. American International Group Inc. now owns 22,927 shares of the company's stock worth $346,000 after acquiring an additional 2,347 shares during the period. Finally, CWM LLC raised its stake in shares of Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company's stock valued at $33,000 after acquiring an additional 2,508 shares in the last quarter.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.