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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.71.

A number of equities research analysts have recently issued reports on SNCY shares. Susquehanna dropped their price objective on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. assumed 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. Finally, Barclays decreased their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $10.35 on Monday. The firm has a market cap of $550.19 million, a PE ratio of 10.89, a P/E/G ratio of 0.42 and a beta of 1.55. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $18.59. The company’s fifty day simple moving average is $14.18 and its 200-day simple moving average is $14.21. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. Equities research analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at $199,016.34. This represents a 34.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Davis sold 59,380 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total value of $1,004,115.80. Following the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $545,516.60. This represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,415 shares of company stock worth $3,139,352 over the last ninety days. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Sun Country Airlines in the 4th quarter worth about $60,000. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $74,000. Aquatic Capital Management LLC acquired a new stake in Sun Country Airlines during the fourth quarter worth approximately $102,000. Quarry LP increased its stake in Sun Country Airlines by 355.0% during the 4th quarter. Quarry LP now owns 7,894 shares of the company’s stock worth $115,000 after acquiring an additional 6,159 shares during the period. Finally, State of Wyoming increased its stake in Sun Country Airlines by 102.7% during the 4th quarter. State of Wyoming now owns 8,411 shares of the company’s stock worth $123,000 after acquiring an additional 4,262 shares during the period.

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.