Sun Country Airlines (NASDAQ:SNCY) Shares Gap Up – Here’s Why
by Scott Moore · The Cerbat GemShares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $15.77, but opened at $17.53. Sun Country Airlines shares last traded at $17.7960, with a volume of 1,264,805 shares.
Sun Country Airlines News Summary
Here are the key news stories impacting Sun Country Airlines this week:
- Positive Sentiment: Allegiant agreed to acquire Sun Country in a cash‑and‑stock transaction valued at about $1.5 billion (including debt); Sun Country shareholders will receive 0.1557 Allegiant shares plus $4.10 cash per SNCY share, implying $18.89 per share and roughly a 19.8% premium. Allegiant and Sun Country Airlines to Combine, Creating a Leading, More Competitive Leisure-Focused U.S. Airline
- Positive Sentiment: Market commentary and analysts view the merger favorably as a consolidation of two ultra‑low‑cost carriers that should create scale, complementary routes (combined network ~175 cities, ~650 routes) and potential cost synergies — explaining the upbeat investor reaction. Two Low-Cost Airlines Plan to Merge. Wall Street Likes the Deal.
- Neutral Sentiment: The companies say operations, ticketing and the Sun Country brand remain unchanged for now; the combined carrier will operate under the Allegiant name, Allegiant’s CEO will lead the merged airline, and Sun Country’s CEO will join the board. The deal still requires regulatory and shareholder approval and is expected to close in H2 2026. Allegiant Air to acquire Sun Country Airlines in $1.5B deal
- Negative Sentiment: A shareholder law firm (Halper Sadeh LLC) has opened an investigation into whether the sale is fair to Sun Country shareholders, signaling potential litigation or delays that could complicate closing and create additional costs or concessions. SNCY Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Sun Country Airlines Holdings, Inc. is Fair to Shareholders
Wall Street Analyst Weigh In
Several brokerages have recently commented on SNCY. Cowen reaffirmed a “buy” rating on shares of Sun Country Airlines in a research report on Monday, November 3rd. TD Cowen increased their price objective on shares of Sun Country Airlines from $15.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Cantor Fitzgerald set a $21.00 target price on Sun Country Airlines in a research report on Monday, November 3rd. Zacks Research raised Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Citigroup raised their price objective on Sun Country Airlines from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.13.
Check Out Our Latest Research Report on SNCY
Sun Country Airlines Price Performance
The stock has a market cap of $922.25 million, a PE ratio of 16.68, a P/E/G ratio of 0.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The business has a 50 day moving average price of $13.76 and a two-hundred day moving average price of $12.71.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last posted its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $127.61 million during the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Sun Country Airlines news, SVP Stephen Andrew Coley sold 2,052 shares of Sun Country Airlines stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total value of $30,964.68. Following the sale, the senior vice president owned 45,040 shares of the company’s stock, valued at approximately $679,653.60. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Erin Rose Neale sold 1,802 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total transaction of $26,975.94. Following the completion of the sale, the senior vice president directly owned 41,188 shares in the company, valued at $616,584.36. This trade represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 12,292 shares of company stock worth $183,506. Insiders own 5.00% of the company’s stock.
Institutional Investors Weigh In On Sun Country Airlines
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sun Country Airlines by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after purchasing an additional 1,014 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Sun Country Airlines by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after buying an additional 74,558 shares during the period. Empowered Funds LLC grew its stake in Sun Country Airlines by 2.0% in the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock valued at $2,820,000 after buying an additional 4,569 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Sun Country Airlines during the 1st quarter valued at $88,000. Finally, Voya Investment Management LLC raised its holdings in Sun Country Airlines by 5,842.4% during the 1st quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock valued at $17,370,000 after acquiring an additional 1,386,166 shares during the period.
About Sun Country Airlines
Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.
Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.