Sun Country Airlines (NASDAQ:SNCY) Shares Up 4.6%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price traded up 4.6% on Tuesday . The stock traded as high as $10.94 and last traded at $10.85. 418,068 shares traded hands during trading, a decline of 33% from the average session volume of 619,766 shares. The stock had previously closed at $10.37.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Susquehanna reduced their price objective on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. TD Cowen raised 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 report on Tuesday, June 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $21.00 price objective on shares of Sun Country Airlines in a research report on Thursday, June 20th.

Sun Country Airlines Stock Performance

The firm’s fifty day simple moving average is $11.49 and its 200 day simple moving average is $12.60. The company has a market capitalization of $562.94 million, a price-to-earnings ratio of 8.74, a PEG ratio of 0.52 and a beta of 1.57. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The company had revenue of $254.40 million during the quarter, compared to analysts’ expectations of $255.59 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Grant Whitney sold 5,888 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the sale, the senior vice president now directly owns 26,355 shares in the company, valued at $281,471.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Grant Whitney sold 5,888 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the sale, the senior vice president now directly owns 26,355 shares in the company, valued at $281,471.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jude Bricker sold 2,086 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the sale, the chief executive officer now owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The disclosure for this sale can be found here. Insiders sold a total of 20,964 shares of company stock worth $249,375 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund raised its position in Sun Country Airlines by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after acquiring an additional 776 shares in the last quarter. Assetmark Inc. raised its position in Sun Country Airlines by 39.0% during the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after acquiring an additional 929 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares during the period. American International Group Inc. raised its position in shares of Sun Country Airlines by 11.4% in the first quarter. American International Group Inc. now owns 22,927 shares of the company’s stock valued at $346,000 after purchasing an additional 2,347 shares during the period. Finally, CWM LLC raised its position in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 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.