Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up to $14.15

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) gapped up prior to trading on Wednesday . The stock had previously closed at $14.15, but opened at $14.47. Sun Country Airlines shares last traded at $14.62, with a volume of 9,944 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley raised shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price on the stock in a research note on Monday, February 26th. Susquehanna reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Finally, Barclays raised their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.60.

Sun Country Airlines Stock Up 2.5 %

The firm’s fifty day simple moving average is $14.68 and its two-hundred day simple moving average is $14.58. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $773.25 million, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. The company had revenue of $245.54 million during the quarter, compared to analyst estimates of $248.82 million. Sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.64 EPS for the current year.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the sale, the chief executive officer now directly owns 124,991 shares in the company, valued at $1,793,620.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 5,073 shares of company stock valued at $72,944 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Sun Country Airlines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Apollo Management Holdings L.P. acquired a new stake in shares of Sun Country Airlines during the first quarter worth about $386,066,000. BlackRock Inc. lifted its stake in Sun Country Airlines by 141.0% in the third quarter. BlackRock Inc. now owns 4,924,269 shares of the company’s stock valued at $67,020,000 after buying an additional 2,881,426 shares during the last quarter. Par Capital Management Inc. boosted its holdings in shares of Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after acquiring an additional 1,352,800 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Sun Country Airlines by 52.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,625,598 shares of the company’s stock worth $66,493,000 after acquiring an additional 1,242,146 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Sun Country Airlines by 72.4% in the 4th quarter. Macquarie Group Ltd. now owns 2,111,465 shares of the company’s stock valued at $33,488,000 after acquiring an additional 887,008 shares during the period.

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.