Sun Country Airlines (NASDAQ:SNCY) Shares Down 4.4% – Should You Sell?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares were down 4.4% during trading on Wednesday . The stock traded as low as $10.06 and last traded at $10.11. Approximately 536,796 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 624,326 shares. The stock had previously closed at $10.57.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNCY shares. Susquehanna reduced their price objective on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. TD Cowen lifted their price objective on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research report on Thursday, June 20th. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Sun Country Airlines Stock Performance

The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.01. The stock has a market cap of $537.08 million, a price-to-earnings ratio of 8.53, a PEG ratio of 0.53 and a beta of 1.54. The firm has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $11.81.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data 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. The firm had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current year.

Insider Buying and Selling

In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $12.06, for a total value of $60,300.00. Following the completion of the transaction, the senior vice president now directly owns 25,068 shares of the company’s stock, valued at approximately $302,320.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $12.06, for a total transaction of $60,300.00. Following the sale, the senior vice president now owns 25,068 shares of the company’s stock, valued at $302,320.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,788 shares of company stock worth $146,152 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in shares of Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after purchasing an additional 2,508 shares during the period. Innealta Capital LLC acquired a new stake in shares of Sun Country Airlines during the second quarter worth $40,000. DekaBank Deutsche Girozentrale bought a new stake in Sun Country Airlines in the 1st quarter valued at $66,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Sun Country Airlines in the 2nd quarter valued at about $80,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sun Country Airlines during the second quarter worth about $124,000.

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.