Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $18.33

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.33.

A number of equities analysts recently issued reports 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 target price on the stock in a research report on Tuesday, October 8th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th.

Sun Country Airlines Stock Performance

SNCY opened at $15.26 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market cap of $807.86 million, a PE ratio of 18.84, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The stock has a 50-day moving average of $13.46 and a 200-day moving average of $11.94. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $16.47.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. During the same quarter last year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, CFO David M. Davis sold 2,115 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,720 shares of company stock worth $660,863. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Dana Investment Advisors Inc. grew its stake in shares of Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares during the period. LSV Asset Management increased its stake in shares of Sun Country Airlines by 159.9% in the 2nd quarter. LSV Asset Management now owns 656,088 shares of the company’s stock valued at $8,240,000 after acquiring an additional 403,630 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Sun Country Airlines by 213.2% in the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock valued at $6,484,000 after acquiring an additional 351,421 shares during the period. U S Global Investors Inc. boosted its stake in Sun Country Airlines by 14.2% during the 3rd 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Sun Country Airlines during the 3rd quarter worth approximately $2,980,000.

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.