Sun Country Airlines (NASDAQ:SNCY) Trading Down 4.2% – Time to Sell?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares dropped 4.2% on Monday . The company traded as low as $9.90 and last traded at $9.92. Approximately 133,876 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 747,493 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNCY. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price for the company. Barclays lowered their price objective on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Susquehanna cut their target price on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and five have issued 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 $17.71.

Sun Country Airlines Trading Up 4.5 %

The firm has a market capitalization of $537.96 million, a PE ratio of 10.65, a P/E/G ratio of 0.42 and a beta of 1.55. The firm has a 50 day simple moving average of $13.94 and a 200 day simple moving average of $14.17. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. During the same period last year, the firm posted $0.12 earnings per share. Sun Country Airlines’s revenue was up 6.1% compared to the same quarter last year. Equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company’s stock, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David M. Davis sold 59,380 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the sale, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $545,516.60. The trade was a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 186,415 shares of company stock worth $3,139,352 over the last three months. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in SNCY. State Street Corp boosted its stake in shares of Sun Country Airlines by 3.3% during the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Sun Country Airlines during the fourth quarter valued at about $190,000. JPMorgan Chase & Co. increased its position in Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after buying an additional 224,774 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after buying an additional 196,094 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company’s stock worth $1,745,000 after buying an additional 85,201 shares during the period.

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.