Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up to $27.65

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYGet Rating) shares gapped up before the market opened on Thursday . The stock had previously closed at $27.65, but opened at $28.83. Sun Country Airlines shares last traded at $29.60, with a volume of 10,404 shares changing hands.

A number of equities research analysts have recently commented on SNCY shares. Zacks Investment Research cut shares of Sun Country Airlines from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Barclays reduced their target price on shares of Sun Country Airlines from $35.00 to $32.00 in a research report on Thursday, April 7th. Finally, Morgan Stanley reduced their target price on shares of Sun Country Airlines from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of “Buy” and a consensus price target of $37.67.

The firm has a market capitalization of $1.63 billion and a price-to-earnings ratio of 21.81. The stock’s 50-day moving average price is $25.73 and its 200 day moving average price is $27.63. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.88.

Sun Country Airlines (NASDAQ:SNCYGet Rating) last released its quarterly earnings data on Monday, February 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. Sun Country Airlines had a net margin of 12.44% and a return on equity of 4.29%. The firm had revenue of $172.55 million during the quarter, compared to analysts’ expectations of $167.24 million. During the same period last year, the business earned ($0.15) earnings per share. Sun Country Airlines’s revenue was up 60.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.2 earnings per share for the current year.

In related news, CMO Brian Edward Davis sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 26th. The shares were sold at an average price of $25.39, for a total transaction of $25,390.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Levenhagen sold 59,349 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $27.63, for a total transaction of $1,639,812.87. Following the sale, the insider now owns 1,337 shares of the company’s stock, valued at $36,941.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,212 shares of company stock valued at $4,482,172.

Several institutional investors and hedge funds have recently made changes to their positions in SNCY. Thrivent Financial for Lutherans increased its position in shares of Sun Country Airlines by 76.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,061,958 shares of the company’s stock valued at $56,189,000 after acquiring an additional 890,165 shares during the last quarter. Marshall Wace LLP increased its position in shares of Sun Country Airlines by 7,088.0% during the fourth quarter. Marshall Wace LLP now owns 756,109 shares of the company’s stock valued at $20,603,000 after acquiring an additional 745,590 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Sun Country Airlines by 81.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,615,735 shares of the company’s stock valued at $44,029,000 after acquiring an additional 723,650 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Sun Country Airlines by 1,225.4% during the fourth quarter. Nuveen Asset Management LLC now owns 746,588 shares of the company’s stock valued at $20,344,000 after acquiring an additional 690,259 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Sun Country Airlines by 68.5% during the fourth quarter. Jennison Associates LLC now owns 1,523,084 shares of the company’s stock valued at $41,504,000 after acquiring an additional 619,119 shares during the last quarter.

Sun Country Airlines Company Profile (NASDAQ:SNCY)

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.

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