Sun Country Airlines (NASDAQ:SNCY) Shares Down 4.2% - Here's Why

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) shares fell 4.2% on Monday . The company traded as low as $9.90 and last traded at $9.92. 133,876 shares were traded during trading, a decline of 82% from the average session volume of 747,493 shares. The stock had previously closed at $10.35.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Susquehanna cut their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Barclays reduced 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. Finally, JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.71.

Sun Country Airlines Stock Performance

The firm 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 firm's fifty day moving average price is $13.47 and its 200-day moving average price is $14.11. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. The company 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%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. Analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 27,482 shares of the business's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David M. Davis sold 59,380 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the transaction, the chief financial officer now owns 32,260 shares of the company's stock, valued at approximately $545,516.60. This represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,415 shares of company stock worth $3,139,352. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds have recently bought and sold shares of SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sun Country Airlines by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock worth $328,000 after buying an additional 796 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Sun Country Airlines by 11.9% during the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after acquiring an additional 1,505 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Sun Country Airlines by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after acquiring an additional 1,932 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock worth $350,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Sun Country Airlines by 9.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock worth $711,000 after purchasing an additional 4,089 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.