Sun Country Airlines (NASDAQ:SNCY) Upgraded at Wolfe Research

Sun Country Airlines (NASDAQ:SNCY) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Tuesday, FinViz reports. The brokerage currently has a $14.00 price objective on the stock. Wolfe Research’s price target indicates a potential upside of 40.99% from the company’s previous close.

SNCY has been the subject of a number of other research reports. Susquehanna dropped their price objective on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Morgan Stanley reissued an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. Finally, TD Cowen increased their target price on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Sun Country Airlines Stock Down 0.7 %

Sun Country Airlines stock opened at $9.93 on Tuesday. The business has a fifty day moving average price of $10.74 and a 200-day moving average price of $11.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $17.56. The stock has a market capitalization of $522.43 million, a price-to-earnings ratio of 8.14, a PEG ratio of 0.55 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $254.40 million during the quarter, compared to analysts’ expectations of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Equities research analysts forecast that Sun Country Airlines will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Grant Whitney sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the sale, the senior vice president now directly owns 25,068 shares in the company, valued at approximately $302,320.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $12.06, for a total value of $60,300.00. Following the completion of the transaction, the senior vice president now owns 25,068 shares of the company’s stock, valued at $302,320.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP John Gyurci sold 3,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,788 shares of company stock worth $146,152 over the last three months. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of SNCY. Vanguard Group Inc. lifted its position in shares of Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after acquiring an additional 75,252 shares during the last quarter. Par Capital Management Inc. lifted its holdings in shares of Sun Country Airlines by 95.7% during the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after purchasing an additional 1,352,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sun Country Airlines by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after purchasing an additional 112,397 shares during the period. American Century Companies Inc. increased its stake in Sun Country Airlines by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after purchasing an additional 257,418 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after buying an additional 431,515 shares in the last quarter.

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.