Sun Country Airlines (NASDAQ:SNCY) Stock Price Down 6% – Should You Sell?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares traded down 6% during mid-day trading on Tuesday . The stock traded as low as $11.78 and last traded at $11.58. 275,217 shares were traded during trading, a decline of 62% from the average session volume of 722,877 shares. The stock had previously closed at $12.32.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective on the stock. Susquehanna lifted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. 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, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The firm has a market cap of $612.91 million, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The stock’s fifty day moving average price is $15.49 and its 200-day moving average price is $14.26.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. During the same period in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Activity

In other Sun Country Airlines news, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $550,033. This represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John Gyurci sold 1,593 shares of Sun Country Airlines stock in a transaction on Friday, January 24th. The shares were sold at an average price of $17.00, for a total value of $27,081.00. Following the completion of the transaction, the vice president now owns 11,618 shares of the company’s stock, valued at approximately $197,506. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in shares of Sun Country Airlines by 34.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after acquiring an additional 791,669 shares during the period. Pacer Advisors Inc. bought a new stake in Sun Country Airlines during the fourth quarter worth about $30,841,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Sun Country Airlines by 24.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company’s stock worth $27,887,000 after acquiring an additional 374,221 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sun Country Airlines by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company’s stock worth $23,906,000 after buying an additional 264,976 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares during 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.