Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) dropped 6% during mid-day trading on Tuesday . The company traded as low as $11.78 and last traded at $11.58. Approximately 275,217 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 722,877 shares. The stock had previously closed at $12.32.
Analysts Set New Price Targets
Several research firms have recently commented on SNCY. Susquehanna boosted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.29.
Read Our Latest Analysis on SNCY
Sun Country Airlines Stock Performance
The stock has a fifty day moving average price of $15.05 and a 200 day moving average price of $14.24. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market cap of $543.27 million, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. During the same period in the previous year, the company earned $0.12 earnings per share. Sun Country Airlines's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.
Insider Buying and Selling at Sun Country Airlines
In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at $1,533,619.78. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John Gyurci sold 27,482 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.09, for a total transaction of $469,667.38. Following the transaction, the vice president now directly owns 11,618 shares in the company, valued at $198,551.62. This trade represents a 70.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 203,182 shares of company stock worth $3,405,960 over the last ninety days. Company insiders own 4.60% of the company's stock.
Institutional Investors Weigh In On Sun Country Airlines
Institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines during the fourth quarter worth about $60,000. BNP Paribas Financial Markets bought a new position in shares of Sun Country Airlines during the fourth quarter valued at $74,000. Aquatic Capital Management LLC bought a new stake in Sun Country Airlines during the fourth quarter worth about $102,000. Quarry LP increased its holdings in shares of Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after buying an additional 6,159 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Sun Country Airlines by 102.7% in the fourth quarter. State of Wyoming now owns 8,411 shares of the company's stock valued at $123,000 after acquiring an additional 4,262 shares during the last quarter.
About Sun Country Airlines
(
Get Free Report)
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.
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