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Sun Country Airlines (NASDAQ:SNCY) Trading Down 4.8% - Should You Sell?

Sun Country Airlines logo with Transportation background

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) were down 4.8% during trading on Wednesday . The stock traded as low as $11.43 and last traded at $11.43. Approximately 295,157 shares were traded during trading, a decline of 65% from the average daily volume of 836,171 shares. The stock had previously closed at $12.00.

Analysts Set New Price Targets

Several analysts have recently commented on SNCY shares. TD Cowen lifted their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped 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 report on Monday, May 5th. Susquehanna lifted their target price on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Barclays dropped their target price 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.43.

View Our Latest Report on Sun Country Airlines

Sun Country Airlines Trading Down 4.8%

The stock has a market capitalization of $580.50 million, a PE ratio of 11.48, a PEG ratio of 0.42 and a beta of 1.63. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The business's 50-day moving average is $10.90 and its two-hundred day moving average is $13.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. During the same period in the previous year, the company earned $0.66 earnings per share. Sun Country Airlines's quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction dated 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 directly owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 5,662 shares of company stock valued at $68,045. Insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $60,000. BNP Paribas Financial Markets acquired a new position in shares of Sun Country Airlines during the fourth quarter worth about $74,000. Aquatic Capital Management LLC acquired a new position in shares of Sun Country Airlines during the fourth quarter worth about $102,000. Acadian Asset Management LLC acquired a new position in shares of Sun Country Airlines during the first quarter worth about $88,000. Finally, Quarry LP increased its stake in shares of Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after acquiring an additional 6,159 shares during the period.

About Sun Country Airlines

(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.

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