Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.33 Average PT from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.67.

A number of equities analysts have issued reports 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 note on Friday, November 15th. Barclays raised their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report 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 objective for the company in a research report on Tuesday, October 8th. Finally, Susquehanna increased their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday.

Insiders Place Their Bets

In other Sun Country Airlines news, 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 value of $30,688.65. Following the sale, the chief financial officer now owns 36,158 shares in the company, valued at $524,652.58. This represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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

A number of hedge funds have recently modified their holdings of SNCY. Bank of New York Mellon Corp grew its stake in shares of Sun Country Airlines by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock valued at $4,118,000 after acquiring an additional 3,641 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Sun Country Airlines during the second quarter worth $80,000. Los Angeles Capital Management LLC grew its position in shares of Sun Country Airlines by 146.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 197,286 shares of the company’s stock valued at $2,478,000 after buying an additional 117,221 shares during the last quarter. LSV Asset Management increased its stake in shares of Sun Country Airlines by 159.9% in the second quarter. LSV Asset Management now owns 656,088 shares of the company’s stock valued at $8,240,000 after buying an additional 403,630 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after acquiring an additional 257,418 shares during the period.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $16.18 on Friday. The firm has a market cap of $856.57 million, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $16.43. The company’s 50-day moving average price is $14.80 and its two-hundred day moving average price is $12.60. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Sun Country Airlines will post 0.92 EPS 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.