Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.33.

Several equities analysts recently commented on SNCY shares. Barclays increased their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Susquehanna increased their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Sun Country Airlines

In other news, CFO David M. Davis sold 2,115 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the sale, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at $524,652.58. This represents a 5.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Erin Rose Neale sold 1,738 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the completion of the transaction, the senior vice president now directly owns 30,142 shares of the company’s stock, valued at $448,512.96. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,670 shares of company stock valued at $1,259,172. 4.60% of the stock is owned by company insiders.

Institutional Trading of Sun Country Airlines

A number of institutional investors and hedge funds have recently modified their holdings of SNCY. Farther Finance Advisors LLC increased its position in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Sun Country Airlines during the second quarter worth $80,000. US Bancorp DE raised its position in shares of Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Sun Country Airlines in the second quarter worth about $124,000. Finally, Paloma Partners Management Co acquired a new position in Sun Country Airlines during the third quarter worth about $132,000.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $14.33 on Friday. The company has a market capitalization of $758.63 million, a PE ratio of 17.69, a P/E/G ratio of 0.71 and a beta of 1.46. The company has a 50-day simple moving average of $14.58 and a two-hundred day simple moving average of $12.45. Sun Country Airlines has a one year low of $9.22 and a one year high of $16.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same period last year, the firm earned $0.14 earnings per share. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. Research analysts expect that Sun Country Airlines will post 0.92 EPS for the current fiscal year.

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.