Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up - Should You Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.54, but opened at $13.00. Sun Country Airlines shares last traded at $13.68, with a volume of 167,684 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Susquehanna raised their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Barclays decreased their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.83.

Sun Country Airlines Price Performance

The stock has a market cap of $688.01 million, a price-to-earnings ratio of 13.33, a price-to-earnings-growth 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. The stock's 50 day moving average price is $11.75 and its two-hundred day moving average price is $13.18.

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

Insider Activity

In other news, VP John Gyurci sold 3,150 shares of Sun Country Airlines stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following the sale, the vice president owned 26,122 shares in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 9,372 shares of company stock valued at $110,365 in the last quarter. 4.60% of the stock is owned by company insiders.

Institutional Trading of Sun Country Airlines

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Sun Country Airlines by 9.5% in the first quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock valued at $62,065,000 after purchasing an additional 437,550 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Sun Country Airlines by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 3,135,573 shares of the company's stock worth $38,620,000 after buying an additional 17,437 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Sun Country Airlines by 24.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock worth $27,887,000 after buying an additional 374,221 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Sun Country Airlines by 20.5% in the first quarter. American Century Companies Inc. now owns 1,681,820 shares of the company's stock worth $20,720,000 after buying an additional 285,872 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sun Country Airlines by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company's stock worth $23,906,000 after buying an additional 264,976 shares in 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.