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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.00.

A number of research analysts recently commented on the company. Wolfe Research downgraded Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Citigroup lifted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 5,514 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $82,544.58. Following the completion of the transaction, the chief executive officer directly owned 173,044 shares of the company’s stock, valued at $2,590,468.68. This trade represents a 3.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $39,565.21. Following the completion of the sale, the senior vice president directly owned 38,931 shares of the company’s stock, valued at $682,460.43. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,755 shares of company stock worth $334,558 in the last ninety days. 4.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds have recently bought and sold shares of SNCY. Invesco Ltd. raised its stake in Sun Country Airlines by 7.9% during the fourth quarter. Invesco Ltd. now owns 371,814 shares of the company’s stock valued at $5,350,000 after buying an additional 27,248 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Sun Country Airlines during the 4th quarter worth approximately $207,000. EP Wealth Advisors LLC acquired a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $173,000. SummitTX Capital L.P. grew its position in shares of Sun Country Airlines by 180.6% in the 4th quarter. SummitTX Capital L.P. now owns 875,650 shares of the company’s stock worth $12,601,000 after acquiring an additional 563,631 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Sun Country Airlines during the 4th quarter valued at approximately $377,000.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $16.29 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.79. The company’s fifty day moving average price is $18.35 and its two-hundred day moving average price is $15.02. The firm has a market capitalization of $866.95 million, a P/E ratio of 16.97, a P/E/G ratio of 0.37 and a beta of 1.55. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $22.29.

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

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.