Sun Country Airlines (NASDAQ:SNCY) Shares Gap Down to $14.06

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.06, but opened at $12.52. Sun Country Airlines shares last traded at $13.28, with a volume of 69,817 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SNCY. Barclays raised their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Morgan Stanley raised shares of 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 report on Monday, February 26th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Sun Country Airlines Stock Down 11.7 %

The stock has a 50 day moving average price of $14.41 and a 200 day moving average price of $14.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65. The company has a market capitalization of $661.33 million, a P/E ratio of 11.52, a PEG ratio of 0.47 and a beta of 1.63.

Insider Buying and Selling

In other news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 5,073 shares of company stock worth $72,944. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in Sun Country Airlines by 39.0% in the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after purchasing an additional 929 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Sun Country Airlines by 71.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,593 shares of the company’s stock valued at $53,000 after acquiring an additional 1,498 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Sun Country Airlines by 7.4% during the 3rd quarter. New York State Teachers Retirement System now owns 12,917 shares of the company’s stock worth $192,000 after acquiring an additional 887 shares during the period. Strs Ohio bought a new stake in Sun Country Airlines during the 3rd quarter worth approximately $247,000. Finally, Barclays PLC lifted its stake in Sun Country Airlines by 13.7% in the 3rd quarter. Barclays PLC now owns 16,627 shares of the company’s stock worth $247,000 after purchasing an additional 2,003 shares in the last quarter.

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.