Sun Country Airlines (NASDAQ:SNCY) Trading Down 10.1% - Should You Sell?

Key Points

• Sun Country Airlines' stock price declined by 10.1%, trading as low as $10.48 amidst a significant drop in trading volume, down 44% from its average.
• Several analysts have adjusted their price targets, with TD Cowen increasing theirs from $14.00 to $20.00 and maintaining a "buy" rating, while Barclays lowered theirs from $24.00 to $18.00.
• Despite the stock drop, Sun Country reported impressive earnings results with a net margin of 4.96% and revenue growth of 3.6% year-over-year.

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report)'s stock price was down 10.1% on Friday . The stock traded as low as $10.48 and last traded at $10.43. Approximately 542,477 shares traded hands during trading, a decline of 44% from the average daily volume of 973,225 shares. The stock had previously closed at $11.59.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SNCY shares. Barclays decreased their target price 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. TD Cowen upped their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Evercore ISI lowered their price objective on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Susquehanna lowered their price objective on shares of Sun Country Airlines from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Trading Down 0.3%

The stock has a 50-day moving average of $11.88 and a 200 day moving average of $12.81. The stock has a market cap of $559.77 million, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.22 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 0.72.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%. The company had revenue of $263.62 million during the quarter, compared to the consensus estimate of $256.04 million. During the same period in the previous year, the company posted $0.06 earnings per share. Sun Country Airlines's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $300,141.78. This represents a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 9,372 shares of company stock worth $110,365. Corporate insiders own 4.60% of the company's stock.

Institutional Trading of Sun Country Airlines

Several large investors have recently added to or reduced their stakes in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sun Country Airlines by 3.7% during the 4th 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 period. State of Alaska Department of Revenue grew its holdings in shares of Sun Country Airlines by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 23,434 shares of the company's stock worth $274,000 after purchasing an additional 1,637 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Sun Country Airlines by 2.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 62,488 shares of the company's stock worth $734,000 after purchasing an additional 1,685 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Sun Country Airlines by 17.2% during the 1st 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 period. Finally, Hancock Whitney Corp grew its holdings in shares of Sun Country Airlines by 17.4% during the 1st 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 period.

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.