Sun Country Airlines (NASDAQ:SNCY) Shares Down 4.4% – Time to Sell?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price dropped 4.4% on Wednesday . The company traded as low as $10.06 and last traded at $10.11. Approximately 536,796 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 624,326 shares. The stock had previously closed at $10.57.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna lowered their price target on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Morgan Stanley reissued an “overweight” rating and issued a $21.00 price objective on shares of Sun Country Airlines in a report on Thursday, June 20th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday. Finally, TD Cowen lifted their price objective on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Sun Country Airlines Stock Performance

The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.01. The stock’s fifty day simple moving average is $10.65 and its 200 day simple moving average is $11.81. The company has a market cap of $537.08 million, a price-to-earnings ratio of 8.53, a P/E/G ratio of 0.53 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Grant Whitney sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the completion of the sale, the senior vice president now directly owns 25,068 shares of the company’s stock, valued at approximately $302,320.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the sale, the senior vice president now owns 25,068 shares in the company, valued at $302,320.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares of the company’s stock, valued at $162,799.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,788 shares of company stock worth $146,152. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds have recently bought and sold shares of SNCY. Par Capital Management Inc. raised its holdings in shares of Sun Country Airlines by 95.7% in 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 during the period. Dana Investment Advisors Inc. lifted its holdings in Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after buying an additional 431,515 shares in the last quarter. LSV Asset Management raised its position in shares of Sun Country Airlines by 159.9% in the 2nd quarter. LSV Asset Management now owns 656,088 shares of the company’s stock valued at $8,240,000 after purchasing an additional 403,630 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Sun Country Airlines by 213.2% during the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock valued at $6,484,000 after buying an additional 351,421 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after buying an additional 257,418 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.