Sun Country Airlines (NASDAQ:SNCY) Trading Up 4.5%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price rose 4.5% on Tuesday . The company traded as high as $11.24 and last traded at $11.24. Approximately 9,511 shares traded hands during trading, a decline of 98% from the average daily volume of 612,943 shares. The stock had previously closed at $10.76.

Analysts Set New Price Targets

SNCY has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research report on Thursday, June 20th. TD Cowen lifted their price target on 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, Susquehanna cut their target price on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, August 16th.

Sun Country Airlines Stock Performance

The company has a 50-day moving average of $11.17 and a 200 day moving average of $12.18. The firm has a market capitalization of $586.72 million, a PE ratio of 9.29, a PEG ratio of 0.60 and a beta of 1.54. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $254.40 million during the quarter, compared to analyst estimates of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. Sun Country Airlines’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current year.

Insider Transactions at Sun Country Airlines

In other news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction on Monday, July 1st. The shares were sold at an average price of $12.42, for a total transaction of $62,100.00. Following the completion of the sale, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at approximately $327,329.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Grant Whitney sold 5,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $12.42, for a total transaction of $62,100.00. Following the transaction, the senior vice president now directly owns 26,355 shares in the company, valued at approximately $327,329.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Gyurci sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. The disclosure for this sale can be found here. Insiders have sold 18,076 shares of company stock valued at $220,391 in the last quarter. 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 business. CWM LLC boosted its position in Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC bought a new stake in Sun Country Airlines during the 2nd quarter valued at $40,000. Assetmark Inc. boosted its position in Sun Country Airlines by 39.0% during the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after buying an additional 929 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines during the 1st quarter valued at $66,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Sun Country Airlines in the 2nd quarter worth $80,000.

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.