Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up - What's Next?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) shares gapped up prior to trading 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.

Analysts Set New Price Targets

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

Sun Country Airlines Stock Down 4.0%

The business has a fifty day moving average of $11.71 and a 200 day moving average of $13.22. The company has a market capitalization of $688.01 million, a PE ratio of 13.33, a PEG ratio of 0.24 and a beta of 1.61. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77.

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

Insider Buying and Selling

In related news, VP John Gyurci sold 3,150 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was 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 directly owned 26,122 shares in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 9,372 shares of company stock worth $110,365. Company insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 purchasing an additional 796 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 1,932 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Sun Country Airlines by 17.2% during the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock worth $205,000 after purchasing an additional 2,443 shares during the last quarter. Hancock Whitney Corp lifted its stake in Sun Country Airlines by 17.4% during the first quarter. Hancock Whitney Corp now owns 17,142 shares of the company's stock worth $211,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Sun Country Airlines by 13.2% during the fourth 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 during 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.