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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.75.

SNCY has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $19.00 price objective (down previously from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Cantor Fitzgerald set a $21.00 price objective on shares of Sun Country Airlines in a research report on Monday, November 3rd. Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th.

Insider Activity at Sun Country Airlines

In related news, SVP Erin Rose Neale sold 2,257 shares of Sun Country Airlines stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the sale, the senior vice president directly owned 38,931 shares in the company, valued at $682,460.43. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jude Bricker sold 5,062 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $17.55, for a total transaction of $88,838.10. Following the completion of the sale, the chief executive officer directly owned 167,982 shares of the company’s stock, valued at $2,948,084.10. The trade was a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,378 shares of company stock worth $343,249 in the last three months. 5.00% of the stock is owned by company insiders.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in SNCY. EverSource Wealth Advisors LLC boosted its holdings in shares of Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after acquiring an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Sun Country Airlines by 1,556.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after purchasing an additional 4,219 shares during the period. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines during the 2nd quarter valued at $59,000. Ameritas Investment Partners Inc. increased its position in shares of Sun Country Airlines by 40.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after purchasing an additional 1,504 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Sun Country Airlines by 183.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after buying an additional 3,415 shares in the last quarter.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $21.19 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $22.29. The firm has a 50-day simple moving average of $16.68 and a 200 day simple moving average of $13.78. The company has a market cap of $1.12 billion, a PE ratio of 22.07, a P/E/G ratio of 0.49 and a beta of 1.58.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $280.96 million for the quarter, compared to analysts’ expectations of $272.98 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. Sun Country Airlines’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. On average, sell-side analysts anticipate that Sun Country Airlines will post 1.92 EPS for the current 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.