Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up – Time to Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $16.63, but opened at $17.51. Sun Country Airlines shares last traded at $16.74, with a volume of 93,092 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SNCY shares. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 8th. JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research note on Wednesday. They issued an “overweight” rating and a $23.00 price target on the stock. Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Trading Down 1.4 %

The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $14.99 and a 200-day simple moving average of $12.85. The company has a market capitalization of $881.98 million, a PE ratio of 20.57, a PEG ratio of 0.37 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the transaction, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. The trade was a 31.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David M. Davis sold 59,380 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the completion of the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at approximately $545,516.60. The trade was a 64.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,838 shares of company stock worth $2,675,555. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently added to or reduced their stakes in the business. U S Global Investors Inc. increased its position in shares of Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after acquiring an additional 336,086 shares during the period. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines in the 4th quarter valued at about $30,841,000. State Street Corp boosted its stake in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after buying an additional 51,224 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sun Country Airlines by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock worth $14,899,000 after buying an additional 112,397 shares in the last quarter. Finally, Dana Investment Advisors Inc. raised its holdings in Sun Country Airlines by 114.5% in the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after acquiring an additional 431,515 shares in the last quarter.

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.