Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report)'s share price traded down 4.8% on Wednesday . The stock traded as low as $11.43 and last traded at $11.43. 295,157 shares traded hands during trading, a decline of 65% from the average session volume of 836,171 shares. The stock had previously closed at $12.00.
Wall Street Analyst Weigh In
SNCY has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Barclays dropped their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. TD Cowen lifted 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. Finally, Susquehanna boosted their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Sun Country Airlines has a consensus rating of "Moderate Buy" and an average price target of $17.43.
View Our Latest Research Report on Sun Country Airlines
Sun Country Airlines Stock Performance
The firm has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $13.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market cap of $614.55 million, a price-to-earnings ratio of 12.16, a PEG ratio of 0.42 and a beta of 1.63.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released 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 business had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Insider Buying and Selling at Sun Country Airlines
In related news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 5,662 shares of company stock worth $68,045 over the last three months. Insiders own 5.00% of the company's stock.
Institutional Trading of Sun Country Airlines
Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sun Country Airlines by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock valued at $328,000 after purchasing an additional 796 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in 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 valued at $207,000 after acquiring an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after acquiring an additional 1,932 shares during the period. Hancock Whitney Corp boosted its holdings in Sun Country Airlines by 17.4% during the 1st quarter. Hancock Whitney Corp now owns 17,142 shares of the company's stock valued at $211,000 after acquiring an additional 2,542 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Sun Country Airlines by 13.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after acquiring an additional 2,792 shares during the period.
Sun Country Airlines Company Profile
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Get Free Report)
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.
See Also
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