Sun Country Airlines (NASDAQ:SNCY) Shares Down 7.2%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) fell 7.2% on Tuesday . The stock traded as low as $10.40 and last traded at $10.40. 284,710 shares were traded during mid-day trading, a decline of 54% from the average session volume of 616,922 shares. The stock had previously closed at $11.21.

Wall Street Analyst Weigh In

SNCY has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Susquehanna dropped their price objective on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th.

Sun Country Airlines Trading Down 6.4 %

The company has a market capitalization of $553.98 million, a P/E ratio of 8.97, a PEG ratio of 0.60 and a beta of 1.54. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. The business’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $11.96.

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

Insider Buying and Selling

In related news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 25,068 shares of the company’s stock, valued at approximately $302,320.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John Gyurci sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The disclosure for this sale can be found here. In the last three months, insiders sold 8,894 shares of company stock valued at $105,590. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its position in shares of Sun Country Airlines by 32.2% in the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after buying an additional 61,558 shares in the last quarter. GSA Capital Partners LLP raised its position in Sun Country Airlines by 199.6% during the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after purchasing an additional 65,991 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Sun Country Airlines during the first quarter worth $1,208,000. DekaBank Deutsche Girozentrale bought a new position in shares of Sun Country Airlines in the 1st quarter valued at $66,000. Finally, Vanguard Group Inc. raised its holdings in shares of Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after buying an additional 75,252 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.