Sun Country Airlines (NASDAQ:SNCY) Trading Down 4%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price fell 4% during mid-day trading on Friday . The stock traded as low as $13.57 and last traded at $13.58. 54,802 shares were traded during trading, a decline of 91% from the average session volume of 601,863 shares. The stock had previously closed at $14.15.

Analyst Ratings Changes

Several research firms have issued reports on SNCY. Susquehanna reaffirmed a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Barclays upped their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Finally, Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a report on Monday, February 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.60.

Sun Country Airlines Stock Performance

The stock has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.58. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.09. The company has a market cap of $727.41 million, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.48 and a beta of 1.62.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $245.54 million for the quarter, compared to the consensus estimate of $248.82 million. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. Analysts predict that Sun Country Airlines Holdings, Inc. will post 1.64 EPS for the current year.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the sale, the chief executive officer now owns 124,991 shares in the company, valued at approximately $1,793,620.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 5,073 shares of company stock worth $72,944 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of large investors have recently added to or reduced their stakes in SNCY. Par Capital Management Inc. increased its holdings in Sun Country Airlines by 95.7% during the 4th quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock worth $43,525,000 after purchasing an additional 1,352,800 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in shares of Sun Country Airlines in the 4th quarter valued at about $7,078,000. LSV Asset Management bought a new position in shares of Sun Country Airlines in the 3rd quarter valued at about $2,833,000. Vanguard Group Inc. lifted its stake in Sun Country Airlines by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after purchasing an additional 150,735 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Sun Country Airlines by 123.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 244,507 shares of the company’s stock valued at $3,690,000 after purchasing an additional 134,924 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.