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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.29.

Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Sun Country Airlines from $26.00 to $27.00 in a report on Thursday, July 6th. Susquehanna lowered their price target on shares of Sun Country Airlines from $27.00 to $23.00 and set a “positive” rating on the stock in a report on Tuesday, August 8th. The Goldman Sachs Group decreased their target price on shares of Sun Country Airlines from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 17th. TheStreet lowered shares of Sun Country Airlines from a “c-” rating to a “d+” rating in a research report on Thursday, August 24th. Finally, Evercore ISI dropped their price target on shares of Sun Country Airlines from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, August 28th.

Sun Country Airlines Stock Down 5.5 %

Shares of SNCY stock opened at $14.69 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.77 and a current ratio of 0.79. The firm’s 50-day moving average is $18.14 and its 200-day moving average is $18.98. The stock has a market cap of $822.82 million, a price-to-earnings ratio of 11.39 and a beta of 1.61. Sun Country Airlines has a 52-week low of $13.25 and a 52-week high of $23.80.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Friday, August 4th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $261.10 million during the quarter, compared to the consensus estimate of $258.81 million. Sun Country Airlines had a net margin of 7.66% and a return on equity of 15.48%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) earnings per share. Sell-side analysts predict that Sun Country Airlines will post 1.6 EPS for the current year.

Insider Buying and Selling

In other news, Director Jennifer L. Vogel bought 13,520 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $14.83 per share, with a total value of $200,501.60. Following the completion of the purchase, the director now directly owns 28,739 shares of the company’s stock, valued at $426,199.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jennifer L. Vogel bought 13,520 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $14.83 per share, with a total value of $200,501.60. Following the completion of the purchase, the director now directly owns 28,739 shares of the company’s stock, valued at $426,199.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Gyurci sold 15,000 shares of Sun Country Airlines stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $23.18, for a total transaction of $347,700.00. Following the completion of the sale, the vice president now directly owns 10,178 shares of the company’s stock, valued at $235,926.04. The disclosure for this sale can be found here. Insiders sold 182,659 shares of company stock valued at $3,775,146 over the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently bought and sold shares of SNCY. Apollo Management Holdings L.P. bought a new stake in Sun Country Airlines in the first quarter valued at $386,066,000. BlackRock Inc. grew its holdings in shares of Sun Country Airlines by 141.0% during the third quarter. BlackRock Inc. now owns 4,924,269 shares of the company’s stock valued at $67,020,000 after buying an additional 2,881,426 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of Sun Country Airlines during the second quarter valued at about $59,390,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Sun Country Airlines by 52.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,625,598 shares of the company’s stock valued at $66,493,000 after buying an additional 1,242,146 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Sun Country Airlines by 72.4% during the fourth quarter. Macquarie Group Ltd. now owns 2,111,465 shares of the company’s stock valued at $33,488,000 after buying an additional 887,008 shares during the last quarter.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled service, charter, and cargo businesses in the United States, Latin America, and internationally. The company serves leisure and visiting friends and relatives passengers, and charter customers; and provides crew, maintenance, and insurance services to amazon.com services, Inc with flights to destinations in Canada, Mexico, Central America, and the Caribbean.