Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $19.29 Average Price Target from Brokerages

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.29.

SNCY has been the subject of a number of analyst reports. Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. The Goldman Sachs Group reissued a "neutral" rating and set a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna lifted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price objective on the stock. Finally, Barclays raised their target price on Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th.

Sun Country Airlines Trading Up 1.8 %

Shares of Sun Country Airlines stock traded up $0.30 during trading hours on Wednesday, hitting $16.87. The company's stock had a trading volume of 524,597 shares, compared to its average volume of 702,650. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $893.10 million, a PE ratio of 20.83, a P/E/G ratio of 0.37 and a beta of 1.44. The business has a fifty day moving average of $15.19 and a 200 day moving average of $12.97. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $17.51.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million for the quarter, compared to analysts' expectations of $250.30 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts forecast that Sun Country Airlines will post 0.93 EPS for the current year.

Insider Buying and Selling

In related news, VP John Gyurci sold 27,482 shares of Sun Country Airlines stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.09, for a total value of $469,667.38. Following the transaction, the vice president now owns 11,618 shares of the company's stock, valued at approximately $198,551.62. This trade represents a 70.29 % 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 37,817 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now directly owns 82,895 shares of the company's stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 281,847 shares of company stock valued at $4,633,762 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new stake in shares of Sun Country Airlines in the 4th quarter valued at approximately $30,841,000. Dana Investment Advisors Inc. grew its position in Sun Country Airlines by 114.5% in the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company's stock worth $10,152,000 after acquiring an additional 431,515 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Sun Country Airlines by 213.2% during the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company's stock worth $6,484,000 after purchasing an additional 351,421 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of Sun Country Airlines by 14.2% during the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company's stock valued at $30,332,000 after purchasing an additional 336,086 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sun Country Airlines in the 3rd quarter valued at $2,980,000.

About Sun Country Airlines

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.