Sun Country Airlines (NASDAQ:SNCY) Trading Up 9.3%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was up 9.3% during trading on Thursday . The stock traded as high as $11.30 and last traded at $11.24. Approximately 123,005 shares traded hands during trading, a decline of 80% from the average daily volume of 606,072 shares. The stock had previously closed at $10.28.

Analysts Set New Price Targets

Several research analysts have recently commented on SNCY shares. TD Cowen reduced their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $21.00 price objective on shares of Sun Country Airlines in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and a consensus price target of $19.17.

Sun Country Airlines Stock Performance

The stock has a market capitalization of $636.05 million, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.54 and a beta of 1.52. The firm’s fifty day moving average is $11.79 and its 200-day moving average is $13.77. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $316.23 million. Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. As a group, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the sale, the senior vice president now directly owns 26,355 shares in the company, valued at $281,471.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sun Country Airlines news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the sale, the senior vice president now directly owns 26,355 shares in the company, valued at $281,471.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 2,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the sale, the chief executive officer now owns 124,991 shares in the company, valued at $1,793,620.85. The disclosure for this sale can be found here. Insiders have sold 10,961 shares of company stock worth $135,828 over the last three months. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in SNCY. Par Capital Management Inc. grew its position in shares of Sun Country Airlines by 95.7% during the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock worth $43,525,000 after buying an additional 1,352,800 shares in the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of Sun Country Airlines during the fourth quarter worth about $7,078,000. Vanguard Group Inc. grew its position in shares of Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock worth $62,468,000 after buying an additional 150,735 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Sun Country Airlines by 123.1% during the first quarter. Assenagon Asset Management S.A. now owns 244,507 shares of the company’s stock worth $3,690,000 after buying an additional 134,924 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Sun Country Airlines by 111.5% during the first quarter. Empowered Funds LLC now owns 188,011 shares of the company’s stock worth $2,837,000 after buying an additional 99,097 shares in 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.