Sun Country Airlines (NASDAQ:SNCY) Upgraded at Zacks Research

Zacks Research upgraded shares of Sun Country Airlines (NASDAQ:SNCY) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Cantor Fitzgerald set a $21.00 price objective on Sun Country Airlines in a report on Monday, November 3rd. Citigroup raised their target price on shares of Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a report on Tuesday. Finally, Susquehanna raised Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.75.

Sun Country Airlines Trading Up 1.7%

Shares of NASDAQ SNCY opened at $21.19 on Thursday. The firm’s 50 day moving average price is $16.68 and its 200-day moving average price is $13.78. Sun Country Airlines has a 52-week low of $8.10 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market cap of $1.12 billion, a PE ratio of 22.07, a P/E/G ratio of 0.49 and a beta of 1.58.

Sun Country Airlines (NASDAQ:SNCY) last announced 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. The company had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities research analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sun Country Airlines news, SVP Erin Rose Neale sold 2,257 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the transaction, the senior vice president owned 38,931 shares in the company, valued at $682,460.43. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $30,964.68. Following the transaction, the senior vice president directly owned 45,040 shares of the company’s stock, valued at approximately $679,653.60. This represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,378 shares of company stock valued at $343,249 over the last three months. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sun Country Airlines by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after acquiring an additional 1,014 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sun Country Airlines by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after purchasing an additional 74,558 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Sun Country Airlines by 2.0% during the first quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock valued at $2,820,000 after purchasing an additional 4,569 shares during the period. Acadian Asset Management LLC bought a new position in shares of Sun Country Airlines in the first quarter worth about $88,000. Finally, CWM LLC increased its stake in Sun Country Airlines by 1,439.4% in the 2nd quarter. CWM LLC now owns 29,063 shares of the company’s stock worth $341,000 after buying an additional 27,175 shares during the period.

Sun Country Airlines Company Profile

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.