Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Consensus Rating of “Hold” by Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have earned an average rating of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $19.75.

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Citigroup increased their price objective on Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a report on Tuesday, February 10th. Finally, Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their price target for the company from $12.00 to $20.00 in a research note on Friday, January 9th.

Insider Activity

In related news, SVP Stephen Andrew Coley sold 2,052 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the sale, the senior vice president directly owned 45,040 shares in the company, valued at $679,653.60. This represents a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 in the company, valued at approximately $682,460.43. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 20,755 shares of company stock worth $334,558. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC increased its stake in Sun Country Airlines by 53.3% in the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock valued at $41,520,000 after purchasing an additional 1,228,721 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 589,323 shares in the last quarter. Apollo Management Holdings L.P. purchased a new position in Sun Country Airlines during the 2nd quarter worth $6,821,000. Arrowstreet Capital Limited Partnership grew its position in 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 worth $14,301,000 after purchasing an additional 580,062 shares in the last quarter. Finally, SummitTX Capital L.P. grew its holdings in shares of Sun Country Airlines by 180.6% in the fourth quarter. SummitTX Capital L.P. now owns 875,650 shares of the company’s stock valued at $12,601,000 after acquiring an additional 563,631 shares in the last quarter.

Sun Country Airlines Stock Performance

SNCY opened at $18.26 on Thursday. The business’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $14.57. 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 0.79 and a current ratio of 0.82. The firm has a market capitalization of $971.80 million, a PE ratio of 19.02, a PEG ratio of 0.43 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The firm had revenue of $280.96 million during the quarter, compared to analysts’ expectations of $272.98 million. During the same quarter last year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

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.