Sun Country Airlines (NASDAQ:SNCY) Trading Down 4.2% - Should You Sell?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report)'s share price dropped 4.2% during trading on Friday . The company traded as low as $12.97 and last traded at $12.91. Approximately 20,659 shares were traded during trading, a decline of 98% from the average daily volume of 856,994 shares. The stock had previously closed at $13.47.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SNCY shares. JPMorgan Chase & Co. lowered their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Susquehanna lifted their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Barclays lowered their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, TD Cowen upped their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has an average rating of "Moderate Buy" and an average price target of $16.83.

Sun Country Airlines Trading Up 0.7%

The business's 50-day moving average is $11.79 and its two-hundred day moving average is $13.16. The stock has a market capitalization of $692.79 million, a PE ratio of 13.42, a PEG ratio of 0.27 and a beta of 1.61. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.77.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. Sun Country Airlines's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the transaction, the vice president owned 26,122 shares in the company, valued at approximately $300,141.78. This represents a 10.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 9,372 shares of company stock valued at $110,365. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in Sun Country Airlines during the 4th quarter worth approximately $60,000. GAMMA Investing LLC boosted its stake in shares of Sun Country Airlines by 493.1% in the second quarter. GAMMA Investing LLC now owns 4,757 shares of the company's stock valued at $56,000 after buying an additional 3,955 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Sun Country Airlines in the fourth quarter valued at $74,000. Aquatic Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the 4th quarter worth $102,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Sun Country Airlines during the 1st quarter worth $88,000.

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.