Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up – Should You Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) gapped up prior to trading on Monday . The stock had previously closed at $15.77, but opened at $17.53. Sun Country Airlines shares last traded at $17.7960, with a volume of 1,264,805 shares traded.

Sun Country Airlines News Roundup

Here are the key news stories impacting Sun Country Airlines this week:

• Positive Sentiment: Allegiant agreed to acquire Sun Country in a cash‑and‑stock transaction valued at about $1.5 billion (including debt); Sun Country shareholders will receive 0.1557 Allegiant shares plus $4.10 cash per SNCY share, implying $18.89 per share and roughly a 19.8% premium. Allegiant and Sun Country Airlines to Combine, Creating a Leading, More Competitive Leisure-Focused U.S. Airline
• Positive Sentiment: Market commentary and analysts view the merger favorably as a consolidation of two ultra‑low‑cost carriers that should create scale, complementary routes (combined network ~175 cities, ~650 routes) and potential cost synergies — explaining the upbeat investor reaction. Two Low-Cost Airlines Plan to Merge. Wall Street Likes the Deal.
• Neutral Sentiment: The companies say operations, ticketing and the Sun Country brand remain unchanged for now; the combined carrier will operate under the Allegiant name, Allegiant’s CEO will lead the merged airline, and Sun Country’s CEO will join the board. The deal still requires regulatory and shareholder approval and is expected to close in H2 2026. Allegiant Air to acquire Sun Country Airlines in $1.5B deal
• Negative Sentiment: A shareholder law firm (Halper Sadeh LLC) has opened an investigation into whether the sale is fair to Sun Country shareholders, signaling potential litigation or delays that could complicate closing and create additional costs or concessions. SNCY Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Sun Country Airlines Holdings, Inc. is Fair to Shareholders

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen increased their price objective on shares of Sun Country Airlines from $15.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their price target for the stock from $12.00 to $20.00 in a report on Friday. Cantor Fitzgerald set a $21.00 price target on shares of Sun Country Airlines in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Finally, Citigroup upped their target price on Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.13.

Sun Country Airlines Stock Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The firm has a market cap of $922.25 million, a P/E ratio of 16.68, a P/E/G ratio of 0.35 and a beta of 1.57. The company’s 50 day moving average is $13.76 and its 200 day moving average is $12.71.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The company had revenue of $127.61 million for the quarter. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jude Bricker sold 5,514 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $82,544.58. Following the completion of the transaction, the chief executive officer owned 173,044 shares of the company’s stock, valued at approximately $2,590,468.68. This trade represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Erin Rose Neale sold 1,802 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total value of $26,975.94. Following the transaction, the senior vice president directly owned 41,188 shares of the company’s stock, valued at approximately $616,584.36. This represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,292 shares of company stock valued at $183,506 over the last quarter. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds have recently made changes to their positions in SNCY. EverSource Wealth Advisors LLC lifted its position in shares of Sun Country Airlines by 1,728.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after purchasing an additional 2,040 shares during the period. Nisa Investment Advisors LLC raised its stake in Sun Country Airlines by 1,556.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after buying an additional 4,219 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Sun Country Airlines by 493.1% in the second quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock valued at $56,000 after buying an additional 3,955 shares during the period. Canada Pension Plan Investment Board bought a new stake in Sun Country Airlines during the second quarter valued at $59,000. Finally, Ameritas Investment Partners Inc. boosted its position in Sun Country Airlines by 40.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after acquiring an additional 1,504 shares during the last quarter.

About Sun Country Airlines

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.