Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Rating of “Moderate Buy” from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.8750.

SNCY has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Citigroup initiated coverage on shares of Sun Country Airlines in a research note on Thursday, December 4th. They issued a “neutral” rating and a $15.00 price objective on the stock. Susquehanna boosted their price objective on shares of Sun Country Airlines from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. TD Cowen upped their target price on Sun Country Airlines from $15.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen downgraded Sun Country Airlines from a “buy” rating to a “hold” rating in a report on Saturday, October 25th.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,139 shares of Sun Country Airlines stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total value of $25,004.91. Following the transaction, the chief executive officer owned 123,347 shares in the company, valued at $1,441,926.43. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 3,772 shares of company stock valued at $45,508 over the last quarter. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently added to or reduced their stakes in SNCY. SummerHaven Investment Management LLC grew its stake in shares of Sun Country Airlines by 1.3% during the third quarter. SummerHaven Investment Management LLC now owns 63,294 shares of the company’s stock worth $748,000 after buying an additional 806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sun Country Airlines by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after purchasing an additional 1,014 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Sun Country Airlines by 7.7% in the 3rd quarter. New York State Teachers Retirement System now owns 17,895 shares of the company’s stock worth $211,000 after purchasing an additional 1,284 shares in the last quarter. Legal & General Group Plc raised its position in Sun Country Airlines by 2.1% in the second quarter. Legal & General Group Plc now owns 68,113 shares of the company’s stock valued at $800,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Sun Country Airlines by 10.2% during the third quarter. Yousif Capital Management LLC now owns 16,252 shares of the company’s stock valued at $192,000 after purchasing an additional 1,500 shares in the last quarter.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $14.58 on Friday. The company has a market cap of $768.66 million, a price-to-earnings ratio of 13.89, a PEG ratio of 0.52 and a beta of 1.58. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The stock has a fifty day moving average price of $13.08 and a 200-day moving average price of $12.43.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) EPS for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The company had revenue of $127.61 million during the quarter. As a group, equities analysts anticipate that Sun Country Airlines will post 1.92 EPS 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.