Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Average Rating of "Moderate Buy" by Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.83.

Several analysts have issued reports on the stock. Barclays cut their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. TD Cowen boosted their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Susquehanna boosted their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY traded up $0.03 during trading on Wednesday, hitting $11.83. The company had a trading volume of 965,582 shares, compared to its average volume of 978,456. The company has a market cap of $629.47 million, a P/E ratio of 12.20, a PEG ratio of 0.25 and a beta of 1.61. Sun Country Airlines has a 52 week low of $8.10 and a 52 week high of $18.59. The business's 50-day moving average is $11.87 and its 200 day moving average is $13.02. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. The company had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. During the same period in the previous year, the business earned $0.66 EPS. The company's revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the sale, the vice president directly owned 26,122 shares in the company, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 9,372 shares of company stock valued at $110,365 in the last three months. Corporate insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Sun Country Airlines by 9.5% during the first quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock valued at $62,065,000 after acquiring an additional 437,550 shares during the period. Ameriprise Financial Inc. raised its position in shares of Sun Country Airlines by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 3,135,573 shares of the company's stock valued at $38,620,000 after buying an additional 17,437 shares during the last quarter. U S Global Investors Inc. raised its position in shares of Sun Country Airlines by 20.6% during the second quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company's stock valued at $24,394,000 after buying an additional 354,569 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Sun Country Airlines by 24.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock valued at $27,887,000 after buying an additional 374,221 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Sun Country Airlines by 20.5% during the first quarter. American Century Companies Inc. now owns 1,681,820 shares of the company's stock valued at $20,720,000 after buying an additional 285,872 shares during the last quarter.

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.