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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) gapped up before the market opened 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.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SNCY shares. Barclays increased their target price on Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Susquehanna reiterated a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Sun Country Airlines in a research note on Wednesday, January 10th. Finally, Morgan Stanley upgraded 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

Sun Country Airlines Stock Performance

The stock has a 50 day simple moving average of $14.68 and a 200 day simple moving average of $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 stock has a market cap of $784.96 million, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.49 and a beta of 1.62.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The firm had revenue of $245.54 million for the quarter, compared to analyst estimates of $248.82 million. On average, equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity

In other news, CEO Jude Bricker sold 2,145 shares of Sun Country Airlines stock in a transaction on 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 owns 124,991 shares in the company, valued at approximately $1,793,620.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 5,073 shares of company stock worth $72,944. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions LLC acquired a new stake in shares of Sun Country Airlines during the 2nd quarter valued at $48,000. Lazard Asset Management LLC acquired a new stake in shares of Sun Country Airlines during the 3rd quarter valued at $34,000. Advisor Group Holdings Inc. boosted its holdings in shares of Sun Country Airlines by 31.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company’s stock valued at $61,000 after acquiring an additional 550 shares in the last quarter. Quarry LP acquired a new stake in shares of Sun Country Airlines during the 1st quarter valued at $54,000. Finally, State of Wyoming acquired a new stake in shares of Sun Country Airlines during the 2nd quarter valued at $63,000.

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.