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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.8750.

A number of analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Sun Country Airlines from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Cantor Fitzgerald set a $21.00 price objective on Sun Country Airlines in a research report on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Sun Country Airlines in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sun Country Airlines in a research note on Monday. Finally, Zacks Research upgraded Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,139 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $11.69, for a total transaction of $25,004.91. Following the completion of the transaction, the chief executive officer owned 123,347 shares of the company’s stock, valued at $1,441,926.43. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 3,772 shares of company stock valued at $45,508 over the last 90 days. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in SNCY. Voya Investment Management LLC increased its holdings in Sun Country Airlines by 5,842.4% in the 1st quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock valued at $17,370,000 after purchasing an additional 1,386,166 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Sun Country Airlines by 53.3% during the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after buying an additional 1,228,721 shares during the period. Vanguard Group Inc. grew its stake in shares of Sun Country Airlines by 13.9% in the third quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock valued at $56,898,000 after buying an additional 589,323 shares in the last quarter. Apollo Management Holdings L.P. acquired a new stake in shares of Sun Country Airlines in the second quarter valued at $6,821,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Sun Country Airlines by 91.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock valued at $14,301,000 after buying an additional 580,062 shares during the period.

Sun Country Airlines Stock Down 1.0%

NASDAQ SNCY opened at $14.60 on Friday. The business’s fifty day simple moving average is $12.76 and its 200-day simple moving average is $12.33. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market cap of $769.71 million, a PE ratio of 13.90, a P/E/G ratio of 0.53 and a beta of 1.58. Sun Country Airlines has a 52 week low of $8.10 and a 52 week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The firm had revenue of $127.61 million for the quarter. As a group, equities analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current year.

About Sun Country Airlines

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.