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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have received a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.83.

SNCY has been the subject of several research reports. 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. JPMorgan Chase & Co. cut their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. TD Cowen increased their target price on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Barclays cut their target price on 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.

Insider Transactions at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 3,150 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was 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 now directly owns 26,122 shares of the company's stock, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,812 shares of company stock worth $104,238 in the last ninety days. Insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently bought and sold shares of SNCY. Voya Investment Management LLC raised its holdings in Sun Country Airlines by 5,842.4% during the first quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company's stock valued at $17,370,000 after acquiring an additional 1,386,166 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Sun Country Airlines by 34.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after purchasing an additional 791,669 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Sun Country Airlines by 230.2% in the first quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company's stock worth $11,361,000 after purchasing an additional 642,902 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Sun Country Airlines in the fourth quarter worth about $8,868,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Sun Country Airlines in the fourth quarter worth about $6,898,000.

Sun Country Airlines Trading Up 2.7%

Shares of SNCY stock opened at $11.87 on Friday. The stock has a market capitalization of $631.60 million, a PE ratio of 12.24, a P/E/G ratio of 0.22 and a beta of 1.63. Sun Country Airlines has a 1-year low of $8.10 and a 1-year high of $18.59. The business has a 50-day moving average of $11.11 and a 200 day moving average of $13.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The business had revenue of $326.65 million during 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%. Sun Country Airlines's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. As a group, sell-side analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current 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.

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