Sun Country Airlines (NASDAQ:SNCY) Stock Price Up 3.5% After Analyst Upgrade

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was up 3.5% on Monday after Susquehanna raised their price target on the stock from $11.00 to $12.00. Susquehanna currently has a neutral rating on the stock. Sun Country Airlines traded as high as $11.58 and last traded at $11.35. Approximately 96,826 shares changed hands during trading, a decline of 88% from the average daily volume of 818,295 shares. The stock had previously closed at $10.96.

Other equities analysts have also recently issued reports about the company. Barclays decreased their price objective on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Sun Country Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $17.43.

Insider Activity

In related news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company’s stock, valued at $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 5,662 shares of company stock valued at $68,045. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $30,841,000. Ameriprise Financial Inc. raised its position in Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after purchasing an additional 791,669 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Sun Country Airlines by 230.2% in the 1st quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company’s stock worth $11,361,000 after buying an additional 642,902 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Sun Country Airlines in the 4th quarter worth approximately $8,868,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Sun Country Airlines during the fourth quarter valued at approximately $6,898,000.

Sun Country Airlines Stock Performance

The company has a market cap of $585.29 million, a P/E ratio of 11.58, a P/E/G ratio of 0.42 and a beta of 1.57. The business has a fifty day moving average of $11.79 and a 200 day moving average of $14.07. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $326.65 million during the quarter, compared to analysts’ expectations of $329.51 million. During the same period last year, the company posted $0.66 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.