Sun Country Airlines (NASDAQ:SNCY) Trading Down 4%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares fell 4% during mid-day trading on Friday . The stock traded as low as $13.57 and last traded at $13.58. 54,802 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 601,863 shares. The stock had previously closed at $14.15.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNCY. Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research note on Monday, February 26th. Susquehanna reissued a “neutral” rating and set 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 price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and an average target price of $19.60.

Sun Country Airlines Price Performance

The stock has a market capitalization of $727.41 million, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.48 and a beta of 1.62. The company has a fifty day simple moving average of $14.62 and a 200 day simple moving average of $14.58. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65.

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

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the transaction, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 5,073 shares of company stock valued at $72,944. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Sun Country Airlines by 123.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 244,507 shares of the company’s stock valued at $3,690,000 after buying an additional 134,924 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Sun Country Airlines in the first quarter worth approximately $1,208,000. HBK Investments L P purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $943,000. Par Capital Management Inc. raised its stake 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 worth $43,525,000 after purchasing an additional 1,352,800 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $7,078,000.

About Sun Country Airlines

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.