Sun Country Airlines (NASDAQ:SNCY) Sees Large Volume Increase - Still a Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 686,586 shares changed hands during trading, an increase of 7% from the previous session's volume of 640,591 shares.The stock last traded at $15.65 and had previously closed at $14.05.

Analyst Ratings Changes

Several research analysts recently weighed in on SNCY shares. Susquehanna lowered their price objective on Sun Country Airlines from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Friday, August 16th. Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.20.

Sun Country Airlines Stock Up 7.5 %

The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $797.43 million, a PE ratio of 18.85, a PEG ratio of 0.66 and a beta of 1.54. The business has a fifty day moving average of $11.25 and a 200 day moving average of $11.53.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.07%. The business had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. During the same quarter last year, the firm posted $0.14 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.86 EPS for the current year.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 7,788 shares of company stock valued at $85,852. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings 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. CWM LLC raised its holdings in Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company's stock worth $33,000 after purchasing an additional 2,508 shares during the last quarter. Innealta Capital LLC acquired a new stake in Sun Country Airlines in the 2nd quarter valued at about $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Sun Country Airlines during the 1st quarter worth approximately $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Sun Country Airlines during the 2nd quarter valued at $80,000.

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.