Sun Country Airlines (NASDAQ:SNCY) Stock Price Up 5% – Here’s What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares rose 5% on Tuesday . The company traded as high as $10.19 and last traded at $10.16. Approximately 79,022 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 747,956 shares. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SNCY. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target for the company. Barclays decreased their price objective on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna cut their price target on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $17.71.

Sun Country Airlines Trading Up 5.9 %

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The stock has a market capitalization of $544.87 million, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. The business’s 50-day moving average is $14.06 and its two-hundred day moving average is $14.20.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $258.04 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 6,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the sale, the vice president now directly owns 11,618 shares of the company’s stock, valued at $199,016.34. This represents a 34.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares of the company’s stock, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,415 shares of company stock worth $3,139,352. 4.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SNCY. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at approximately $60,000. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $74,000. Aquatic Capital Management LLC bought a new position in Sun Country Airlines during the fourth quarter worth $102,000. Quarry LP boosted its holdings in Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after purchasing an additional 6,159 shares during the period. Finally, State of Wyoming raised its position in shares of Sun Country Airlines by 102.7% during the fourth quarter. State of Wyoming now owns 8,411 shares of the company’s stock valued at $123,000 after buying an additional 4,262 shares during the last quarter.

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.