Sun Country Airlines (NASDAQ:SNCY) Sees Large Volume Increase – Here’s What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares saw strong trading volume on Monday . 529,868 shares were traded during mid-day trading, a decline of 28% from the previous session’s volume of 736,750 shares.The stock last traded at $16.38 and had previously closed at $16.50.

Analysts Set New Price Targets

Several brokerages have commented on SNCY. Susquehanna raised their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective on the stock. Finally, Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Stock Down 1.3 %

The firm has a market capitalization of $903.69 million, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.37 and a beta of 1.46. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $15.65 and a 200-day moving average price of $13.23.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.12 earnings per share. Equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total value of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $550,033. This represents a 64.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John Gyurci sold 6,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at $199,016.34. The trade was a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,279 shares of company stock worth $4,031,056 over the last quarter. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. boosted its holdings in Sun Country Airlines by 65.6% during the 4th quarter. Prudential Financial Inc. now owns 258,591 shares of the company’s stock valued at $3,770,000 after acquiring an additional 102,400 shares during the period. LPL Financial LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth about $846,000. Fox Run Management L.L.C. purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $409,000. American Century Companies Inc. grew its stake in shares of Sun Country Airlines by 26.5% in the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company’s stock worth $20,353,000 after acquiring an additional 292,275 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at $186,000.

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.