Sun Country Airlines (NASDAQ:SNCY) Shares Gap Down – Here’s What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.10, but opened at $14.20. Sun Country Airlines shares last traded at $14.19, with a volume of 232,430 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SNCY shares. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th. Susquehanna raised their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.80.

Sun Country Airlines Stock Up 1.2 %

The firm has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $11.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market cap of $772.39 million, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.66 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. On average, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current year.

Insider Activity

In other news, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now directly owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 7,788 shares of company stock valued at $85,852. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of SNCY. Farther Finance Advisors LLC boosted its holdings in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Sun Country Airlines by 5.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock worth $345,000 after purchasing an additional 1,130 shares during the last quarter. American International Group Inc. grew its holdings in shares of Sun Country Airlines by 11.4% during the first quarter. American International Group Inc. now owns 22,927 shares of the company’s stock worth $346,000 after buying an additional 2,347 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the period.

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.