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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.29.

A number of analysts have issued reports on SNCY shares. Susquehanna raised their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock.

Insider Activity

In related news, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total transaction of $102,780.00. Following the transaction, the vice president now owns 11,618 shares in the company, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Grant Whitney sold 2,127 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.98, for a total transaction of $33,989.46. Following the sale, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,541 shares of company stock valued at $3,380,795 in the last three months. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds have recently modified their holdings of SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Sun Country Airlines by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company’s stock valued at $328,000 after acquiring an additional 796 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Sun Country Airlines by 11.9% in the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after purchasing an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company’s stock valued at $5,191,000 after purchasing an additional 1,932 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Sun Country Airlines by 13.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company’s stock worth $350,000 after buying an additional 2,792 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in Sun Country Airlines by 9.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company’s stock worth $711,000 after buying an additional 4,089 shares during the period.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY opened at $13.14 on Thursday. The company has a 50-day simple moving average of $15.95 and a 200-day simple moving average of $14.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market cap of $698.50 million, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. During the same period in the previous year, the company earned $0.12 EPS. Sun Country Airlines’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current year.

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.