Sun Country Airlines (NASDAQ:SNCY) Shares Gap Down – Should You Sell?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $20.97, but opened at $20.02. Sun Country Airlines shares last traded at $20.1350, with a volume of 15,031 shares trading hands.

Analyst Ratings Changes

SNCY has been the subject of several analyst reports. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. TD Cowen restated a “hold” rating on shares of Sun Country Airlines in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $12.00 to $20.00 in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Sun Country Airlines currently has an average rating of “Hold” and an average price target of $19.75.

Sun Country Airlines Stock Up 2.5%

The stock’s 50-day moving average price is $17.30 and its two-hundred day moving average price is $14.13. The stock has a market capitalization of $1.09 billion, a P/E ratio of 21.33, a P/E/G ratio of 0.47 and a beta of 1.58. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The company had revenue of $280.96 million for the quarter, compared to analysts’ expectations of $272.98 million. During the same quarter in the previous year, the firm posted $0.27 EPS. Sun Country Airlines’s revenue was up 7.9% on a year-over-year basis. As a group, research 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 related news, SVP Erin Rose Neale sold 2,257 shares of Sun Country Airlines stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the sale, the senior vice president owned 38,931 shares of the company’s stock, valued at approximately $682,460.43. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jude Bricker sold 5,514 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total value of $82,544.58. Following the completion of the sale, the chief executive officer owned 173,044 shares in the company, valued at $2,590,468.68. This represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 21,378 shares of company stock worth $343,249. 5.00% of the stock is owned by company insiders.

Institutional Trading of Sun Country Airlines

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Sun Country Airlines by 1,728.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after buying an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Sun Country Airlines by 1,556.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after purchasing an additional 4,219 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines during the 2nd quarter worth about $59,000. Ameritas Investment Partners Inc. boosted its stake in Sun Country Airlines by 40.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after purchasing an additional 1,504 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Sun Country Airlines by 183.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after purchasing an additional 3,415 shares during the period.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.