Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up to $14.15

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.15, but opened at $14.47. Sun Country Airlines shares last traded at $14.62, with a volume of 9,944 shares traded.

Wall Street Analyst Weigh In

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

Sun Country Airlines Trading Up 1.2 %

The firm’s 50-day simple moving average is $14.68 and its 200-day simple moving average is $14.58. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $784.96 million, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.49 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 (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. The business had revenue of $245.54 million during the quarter, compared to analyst estimates of $248.82 million. Equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the sale, the chief executive officer now directly owns 124,991 shares in the company, valued at $1,793,620.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 5,073 shares of company stock worth $72,944 over the last three months. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Sun Country Airlines

A number of institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the first quarter worth about $1,208,000. HBK Investments L P purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $943,000. Vanguard Group Inc. boosted its holdings in shares of Sun Country Airlines by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 4,601,829 shares of the company’s stock worth $72,387,000 after purchasing an additional 392,417 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sun Country Airlines by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,611 shares of the company’s stock worth $278,000 after purchasing an additional 2,932 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $520,000.

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.