Sun Country Airlines (NASDAQ:SNCY) Trading Up 5% - Time to Buy?

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) shot up 5% during mid-day trading on Tuesday . The company traded as high as $10.19 and last traded at $10.16. Approximately 79,022 shares changed hands during trading, a decline of 89% from the average session volume of 747,956 shares. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SNCY shares. Barclays dropped their price objective on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price target for the company. Finally, Susquehanna decreased their price objective on shares of Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.71.

Sun Country Airlines Trading Down 10.0 %

The company has a market cap of $472.04 million, a price-to-earnings ratio of 9.35, a PEG ratio of 0.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The business's 50-day simple moving average is $13.47 and its 200-day simple moving average is $14.11.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. Sun Country Airlines's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity 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 dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David M. Davis sold 59,380 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total value of $1,004,115.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company's stock, valued at approximately $545,516.60. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,415 shares of company stock worth $3,139,352. Company insiders own 4.60% of the company's stock.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $30,841,000. Ameriprise Financial Inc. raised its position in shares of Sun Country Airlines by 34.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock valued at $45,467,000 after purchasing an additional 791,669 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Sun Country Airlines during the 4th quarter valued at approximately $8,868,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth approximately $6,898,000. Finally, Zimmer Partners LP bought a new stake in shares of Sun Country Airlines in the fourth quarter worth $6,261,000.

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.