Sun Country Airlines (NASDAQ:SNCY) Sees Strong Trading Volume - Here's What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) saw strong trading volume on Monday . 529,868 shares traded hands during trading, a decline of 28% from the previous session's volume of 736,750 shares.The stock last traded at $16.38 and had previously closed at $16.50.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Susquehanna lifted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price on the stock. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $19.29.

Sun Country Airlines Stock Down 2.5 %

The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $15.70 and a 200 day moving average price of $13.26. The firm has a market capitalization of $880.92 million, a price-to-earnings ratio of 17.52, a P/E/G ratio of 0.37 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. Sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.96 EPS for the current fiscal year.

Insider Activity

In related news, VP John Gyurci sold 27,482 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.09, for a total value of $469,667.38. Following the completion of the transaction, the vice president now directly owns 11,618 shares in the company, valued at approximately $198,551.62. The trade was a 70.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Davis sold 2,760 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the sale, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at approximately $513,901.80. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,279 shares of company stock valued at $4,031,056. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company's stock worth $188,000 after acquiring an additional 1,087 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock valued at $207,000 after purchasing an additional 1,505 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sun Country Airlines by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after purchasing an additional 1,932 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Sun Country Airlines by 9.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock worth $711,000 after buying an additional 4,089 shares during the last quarter.

Sun Country Airlines Company Profile

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.