Sun Country Airlines (NASDAQ:SNCY) Trading Up 6.5% – Time to Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price shot up 6.5% during trading on Wednesday . The company traded as high as $10.50 and last traded at $10.20. 71,795 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 739,143 shares. The stock had previously closed at $9.58.

Analyst Upgrades and Downgrades

SNCY has been the subject of a number of recent analyst reports. Susquehanna cut their price objective on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday. Barclays lowered their price target on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.71.

Sun Country Airlines Stock Performance

The firm has a market cap of $525.15 million, a price-to-earnings ratio of 10.38, a PEG ratio of 0.42 and a beta of 1.55. The firm’s fifty day moving average price is $14.63 and its 200-day moving average price is $14.21. 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 announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.93, for a total transaction of $43,966.80. Following the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $513,901.80. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Grant Whitney sold 2,127 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.98, for a total value of $33,989.46. Following the completion of the sale, the senior vice president now directly owns 20,367 shares in the company, valued at $325,464.66. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 202,369 shares of company stock valued at $3,394,302 in the last quarter. 4.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors have recently bought and sold shares of SNCY. Charles Schwab Investment Management Inc. grew its position in Sun Country Airlines by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company’s stock valued at $3,969,000 after acquiring an additional 8,855 shares during the period. FMR LLC grew its stake in Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after buying an additional 114,687 shares during the period. State Street Corp increased its position in shares of Sun Country Airlines by 3.3% in the third 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 in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Sun Country Airlines in the 3rd quarter valued at $292,000. Finally, Barclays PLC lifted its holdings in shares of Sun Country Airlines by 260.8% during the 3rd quarter. Barclays PLC now owns 117,457 shares of the company’s stock valued at $1,316,000 after acquiring an additional 84,906 shares in 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.