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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have received a consensus recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.00.

SNCY has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price target for the company from $12.00 to $20.00 in a report on Friday, January 9th. Wolfe Research cut shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. Citigroup boosted their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, March 20th. Finally, TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a research note on Tuesday, February 10th.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $16.29 on Monday. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $22.29. The firm has a market capitalization of $866.95 million, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 0.37 and a beta of 1.55. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $18.35 and its 200 day simple moving average is $15.02.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 5,062 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $17.55, for a total value of $88,838.10. Following the completion of the sale, the chief executive officer directly owned 167,982 shares in the company, valued at approximately $2,948,084.10. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Erin Rose Neale sold 2,257 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the transaction, the senior vice president directly owned 38,931 shares in the company, valued at $682,460.43. This trade represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,755 shares of company stock worth $334,558. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Hedge funds have recently modified their holdings of the stock. Apollo Management Holdings L.P. acquired a new stake in Sun Country Airlines in the second quarter valued at approximately $6,821,000. Exchange Traded Concepts LLC purchased a new stake in shares of Sun Country Airlines during the third quarter valued at approximately $1,098,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Sun Country Airlines during the third quarter worth $858,000. Primecap Management Co. CA lifted its position in shares of Sun Country Airlines by 74.5% during the third quarter. Primecap Management Co. CA now owns 143,115 shares of the company’s stock worth $1,690,000 after purchasing an additional 61,100 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of 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 during the period.

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.