Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Average Rating of "Moderate Buy" from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.33.

A number of brokerages have commented on SNCY. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Barclays upped their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Wolfe Research raised shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Finally, Susquehanna upped their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the company a "neutral" rating in a research note on Monday, November 4th.

Insider Buying and Selling

In related news, CEO Jude Bricker sold 37,817 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the transaction, the chief executive officer now directly owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David M. Davis sold 2,115 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares of the company's stock, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,720 shares of company stock valued at $660,863. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company's stock worth $188,000 after buying an additional 1,087 shares in the last quarter. CWM LLC boosted its stake in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company's stock worth $33,000 after acquiring an additional 2,508 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Sun Country Airlines by 3.1% during the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company's stock worth $1,047,000 after acquiring an additional 2,512 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Sun Country Airlines by 15.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,414 shares of the company's stock worth $309,000 after purchasing an additional 2,803 shares during the last quarter.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY traded up $0.33 during midday trading on Tuesday, reaching $14.80. 212,968 shares of the company were exchanged, compared to its average volume of 668,771. Sun Country Airlines has a one year low of $9.22 and a one year high of $17.17. The stock's 50-day moving average price is $13.16 and its 200-day moving average price is $11.86. 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 stock has a market cap of $783.51 million, a P/E ratio of 17.86, a PEG ratio of 0.66 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analysts' expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, sell-side analysts anticipate that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

Sun Country Airlines Company Profile

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.