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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.25.

Several analysts have recently weighed in on SNCY shares. Zacks Research downgraded Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price objective for the company from $12.00 to $20.00 in a research note on Friday, January 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Finally, Cantor Fitzgerald set a $21.00 price target on shares of Sun Country Airlines in a research report on Monday, November 3rd.

Sun Country Airlines Trading Up 12.6%

SNCY opened at $21.84 on Friday. The firm’s 50 day moving average is $15.95 and its 200-day moving average is $13.47. Sun Country Airlines has a 52-week low of $8.10 and a 52-week high of $22.12. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.76. 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.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share 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 8.98%. The business had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. During the same period last year, the business earned $0.27 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 2,257 shares of the company’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 sale, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. This represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jude Bricker sold 5,514 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total transaction of $82,544.58. Following the transaction, the chief executive officer directly owned 173,044 shares in the company, valued at $2,590,468.68. The trade was a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,378 shares of company stock worth $343,249 in the last ninety days. 5.00% of the stock is owned by insiders.

Institutional Trading of Sun Country Airlines

Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in 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 worth $25,000 after buying an additional 2,040 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Sun Country Airlines by 1,556.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after acquiring an additional 4,219 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines during the second quarter worth $59,000. Ameritas Investment Partners Inc. lifted its stake in Sun Country Airlines by 40.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 worth $62,000 after purchasing an additional 3,415 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.