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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.60.

Several equities analysts have weighed in on SNCY shares. Susquehanna reiterated a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Barclays increased their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Finally, Morgan Stanley raised shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research report on Monday, February 26th.

Insider Activity

In other news, CEO Jude Bricker sold 2,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the transaction, the chief executive officer now directly owns 124,991 shares in the company, valued at $1,793,620.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 5,073 shares of company stock valued at $72,944. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Sun Country Airlines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock worth $62,468,000 after purchasing an additional 150,735 shares in the last quarter. Boston Partners grew its stake in Sun Country Airlines by 95.7% in the 3rd quarter. Boston Partners now owns 109,038 shares of the company’s stock valued at $1,618,000 after acquiring an additional 53,320 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Sun Country Airlines by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 313,627 shares of the company’s stock valued at $4,654,000 after acquiring an additional 3,748 shares in the last quarter. State of Alaska Department of Revenue raised its position in Sun Country Airlines by 4.4% during the third quarter. State of Alaska Department of Revenue now owns 25,108 shares of the company’s stock worth $372,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Sun Country Airlines during the 3rd quarter valued at $247,000.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock opened at $14.15 on Friday. The firm has a market cap of $754.05 million, a PE ratio of 11.60, a P/E/G ratio of 0.50 and a beta of 1.62. Sun Country Airlines has a twelve month low of $11.96 and a twelve month high of $23.80. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $14.62 and a 200 day moving average price of $14.58.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $245.54 million during the quarter, compared to analysts’ expectations of $248.82 million. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. Sell-side analysts predict that Sun Country Airlines will post 1.64 earnings per share for the current fiscal 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.