Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Recommendation of “Hold” from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.25.

Several equities analysts recently weighed in on SNCY shares. Cantor Fitzgerald set a $21.00 target price on Sun Country Airlines in a research report on Monday, November 3rd. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their price objective for the company from $12.00 to $20.00 in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Finally, TD Cowen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating and cut their price target for the stock from $21.00 to $18.00 in a research note on Tuesday, February 3rd.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $21.84 on Friday. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $22.12. The company’s fifty day moving average price is $15.95 and its 200 day moving average price is $13.47. The firm has a market capitalization of $1.15 billion, a P/E ratio of 22.75, a P/E/G ratio of 0.49 and a beta of 1.58. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a return on equity of 8.98% and a net margin of 4.69%.The company had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. During the same period in the previous year, the firm posted $0.27 EPS. Sun Country Airlines’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, SVP Stephen Andrew Coley sold 2,052 shares of Sun Country Airlines stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the transaction, the senior vice president directly owned 45,040 shares of the company’s stock, valued at $679,653.60. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Erin Rose Neale sold 2,257 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $17.53, for a total value of $39,565.21. Following the sale, the senior vice president owned 38,931 shares of the company’s stock, valued at $682,460.43. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,378 shares of company stock worth $343,249 in the last three months. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Sun Country Airlines by 1,728.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after acquiring an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Sun Country Airlines by 1,556.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after purchasing an additional 4,219 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines during the second quarter worth about $59,000. Ameritas Investment Partners Inc. boosted its position in shares of Sun Country Airlines by 40.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after buying an additional 1,504 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after buying an additional 3,415 shares in the last quarter.

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.