Sun Country Airlines (NASDAQ:SNCY) Trading 9.8% Higher Following Better-Than-Expected Earnings

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) traded up 9.8% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $14.10 and last traded at $14.03. 522,821 shares were traded during trading, a decline of 18% from the average session volume of 636,419 shares. The stock had previously closed at $12.78.

The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.07% and a net margin of 4.25%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Susquehanna decreased their target price on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 8th. One 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 has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was 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 owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 7,788 shares of company stock worth $85,852 in the last ninety days. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Dana Investment Advisors Inc. increased its position in shares of Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares during the last quarter. LSV Asset Management boosted its position in shares of Sun Country Airlines by 159.9% during the 2nd quarter. LSV Asset Management now owns 656,088 shares of the company’s stock worth $8,240,000 after purchasing an additional 403,630 shares during the period. AQR Capital Management LLC boosted its position 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 worth $6,484,000 after purchasing an additional 351,421 shares during the period. U S Global Investors Inc. lifted its stake in Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after purchasing an additional 336,086 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Sun Country Airlines by 40.0% during the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after purchasing an additional 257,418 shares in the last quarter.

Sun Country Airlines Stock Up 7.5 %

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 has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $11.54. The company has a market capitalization of $797.43 million, a price-to-earnings ratio of 18.64, a PEG ratio of 0.66 and a beta of 1.54.

Sun Country Airlines Company Profile

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.