Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $16.83

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.83.

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

Insider Buying and Selling

In related news, VP John Gyurci sold 3,150 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total value of $36,193.50. Following the sale, the vice president owned 26,122 shares in the company, valued at approximately $300,141.78. The trade was a 10.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 9,372 shares of company stock valued at $110,365 in the last quarter. 5.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System lifted its position in Sun Country Airlines by 17.2% during the 1st quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock worth $205,000 after acquiring an additional 2,443 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Sun Country Airlines during the first quarter worth $498,000. Renaissance Technologies LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth $1,475,000. JPMorgan Chase & Co. boosted its holdings in shares of Sun Country Airlines by 44.3% during the fourth quarter. JPMorgan Chase & Co. now owns 370,890 shares of the company's stock worth $5,408,000 after purchasing an additional 113,789 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Sun Country Airlines by 26.5% in the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after acquiring an additional 292,275 shares during the last quarter.

Sun Country Airlines Stock Up 0.8%

Shares of NASDAQ:SNCY traded up $0.10 during mid-day trading on Wednesday, hitting $11.90. 400,446 shares of the company traded hands, compared to its average volume of 966,671. The stock has a market cap of $633.15 million, a P/E ratio of 12.26, a P/E/G ratio of 0.27 and a beta of 1.61. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77. Sun Country Airlines has a 12-month low of $8.10 and a 12-month high of $18.59. The stock has a 50-day moving average price of $11.87 and a two-hundred day moving average price of $13.07.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, equities research analysts forecast that Sun Country Airlines will post 1.92 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.