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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Two investment 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 analysts that have updated their coverage on the stock in the last year is $17.43.

Several research analysts recently issued reports on SNCY shares. TD Cowen upped their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Barclays cut their price objective on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Susquehanna increased their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, May 5th.

Sun Country Airlines Stock Down 0.3%

Shares of NASDAQ SNCY opened at $11.54 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $10.88 and a 200-day moving average of $13.74. The firm has a market capitalization of $614.02 million, a price-to-earnings ratio of 12.15, a PEG ratio of 0.42 and a beta of 1.57. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $326.65 million during the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Sell-side analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 5,662 shares of company stock valued at $68,045. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently modified their holdings of SNCY. Ameriprise Financial Inc. raised its position in Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after purchasing an additional 791,669 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sun Country Airlines by 230.2% during the first quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company’s stock valued at $11,361,000 after buying an additional 642,902 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Sun Country Airlines during the fourth quarter valued at approximately $8,868,000. Arrowstreet Capital Limited Partnership purchased a new stake in Sun Country Airlines in the fourth quarter worth $6,898,000. Finally, Vanguard Group Inc. lifted its stake in Sun Country Airlines by 9.5% in the first quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company’s stock worth $62,065,000 after acquiring an additional 437,550 shares during the period.

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.