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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.29.

SNCY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. 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 research report on Tuesday, October 8th. Finally, Barclays boosted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other news, 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 approximately $524,652.58. This trade represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 194,976 shares of company stock worth $3,151,512 in the last quarter. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth $30,841,000. Dana Investment Advisors Inc. grew its holdings in Sun Country Airlines by 114.5% in 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. AQR Capital Management LLC grew its holdings in Sun Country Airlines by 213.2% in the second quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock worth $6,484,000 after purchasing an additional 351,421 shares during the period. U S Global Investors Inc. grew its holdings in Sun Country Airlines by 14.2% in the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after purchasing an additional 336,086 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Sun Country Airlines in the third quarter worth $2,980,000.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $16.57 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The firm has a market cap of $877.22 million, a P/E ratio of 20.46, a P/E/G ratio of 0.37 and a beta of 1.44. The firm has a 50 day simple moving average of $15.14 and a 200 day simple moving average of $12.94. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.51.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Sell-side analysts predict that Sun Country Airlines will post 0.93 earnings per share 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.