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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) gapped down prior to trading 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.

Analyst Ratings Changes

Several brokerages have recently commented on SNCY. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday. Wolfe Research raised 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.80.

Sun Country Airlines Trading Down 5.8 %

The firm has a market cap of $752.81 million, a P/E ratio of 17.46, a PEG ratio of 0.73 and a beta of 1.48. The company has a 50 day moving average of $11.35 and a 200 day moving average of $11.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Sun Country Airlines Holdings, Inc. will post 0.86 EPS for the current fiscal year.

Insider Activity

In related news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction 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 $162,799.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 7,788 shares of company stock worth $85,852. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Sun Country Airlines by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock valued at $345,000 after purchasing an additional 1,130 shares during the period. American International Group Inc. increased its position in 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 during the last quarter. Finally, CWM LLC lifted its position in shares of Sun Country Airlines by 1,660.9% in 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 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.