Sun Country Airlines (NASDAQ:SNCY) Shares Up 6% After Analyst Upgrade

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) traded up 6% during mid-day trading on Tuesday after Susquehanna raised their price target on the stock from $14.00 to $16.00. Susquehanna currently has a neutral rating on the stock. Sun Country Airlines traded as high as $16.05 and last traded at $15.96. 349,877 shares were traded during mid-day trading, a decline of 26% from the average session volume of 469,714 shares. The stock had previously closed at $15.05.

Other analysts also recently issued research reports about the company. Barclays lifted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.67.

Insider Buying and Selling at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 1,738 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company's stock, valued at $448,512.96. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jude Bricker sold 37,817 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. This represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,504 shares of company stock worth $1,313,710. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of large investors have recently made changes to their positions in the company. U S Global Investors Inc. grew its stake in Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company's stock valued at $30,332,000 after acquiring an additional 336,086 shares in the last quarter. State Street Corp lifted its position in shares of Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company's stock worth $17,721,000 after buying an additional 51,224 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Sun Country Airlines by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company's stock valued at $14,899,000 after buying an additional 112,397 shares during the last quarter. American Century Companies Inc. grew its holdings in Sun Country Airlines by 40.0% during the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company's stock valued at $11,321,000 after buying an additional 257,418 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its stake in Sun Country Airlines by 114.5% in the 2nd 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 during the last quarter.

Sun Country Airlines Stock Up 6.4 %

The company has a fifty day moving average price of $14.62 and a 200-day moving average price of $12.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market capitalization of $847.57 million, a PE ratio of 19.77, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current year.

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.