Sun Country Airlines (NASDAQ:SNCY) Trading Up 6% on Analyst Upgrade

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price shot up 6% during trading on Tuesday after Susquehanna raised their price target on the stock from $14.00 to $16.00. Susquehanna currently has a neutral rating on the stock. Sun Country Airlines traded as high as $16.05 and last traded at $15.96. 349,877 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 469,714 shares. The stock had previously closed at $15.05.

Other research analysts also recently issued research reports about the company. Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Wolfe Research raised 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.67.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 2,115 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. The trade was a 31.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,504 shares of company stock valued at $1,313,710. 4.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

Several large investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after buying an additional 51,224 shares during the period. FMR LLC raised its position in Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after acquiring an additional 114,687 shares in the last quarter. Algert Global LLC lifted its holdings in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after acquiring an additional 243,028 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Sun Country Airlines in the 3rd quarter worth approximately $500,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of Sun Country Airlines during the 2nd quarter worth approximately $1,890,000.

Sun Country Airlines Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The firm’s fifty day moving average price is $14.69 and its two-hundred day moving average price is $12.53. The stock has a market capitalization of $847.57 million, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $250.30 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current 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.