Sun Country Airlines (NASDAQ:SNCY) Shares Up 3.5% on Analyst Upgrade

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) shot up 3.5% on Monday after TD Cowen raised their price target on the stock from $14.00 to $20.00. TD Cowen currently has a buy rating on the stock. Sun Country Airlines traded as high as $11.58 and last traded at $11.35. 96,826 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 818,295 shares. The stock had previously closed at $10.96.

Several other brokerages also recently commented on SNCY. Susquehanna raised their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Barclays lowered their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.43.

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 5,662 shares of company stock worth $68,045. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

Several hedge funds and other institutional investors have recently bought and sold shares of SNCY. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines during the 4th quarter valued at about $60,000. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines during the 4th quarter worth approximately $74,000. Aquatic Capital Management LLC purchased a new stake in Sun Country Airlines in the fourth quarter worth $102,000. Quarry LP lifted its position in shares of Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after purchasing an additional 6,159 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of Sun Country Airlines by 102.7% during the fourth quarter. State of Wyoming now owns 8,411 shares of the company's stock valued at $123,000 after purchasing an additional 4,262 shares during the period.

Sun Country Airlines Trading Down 0.6 %

The stock has a market capitalization of $629.45 million, a P/E ratio of 12.45, a PEG ratio of 0.42 and a beta of 1.57. The stock's fifty day moving average price is $11.45 and its 200 day moving average price is $14.02. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. During the same quarter in the prior year, the company earned $0.66 EPS. The business's revenue was up 4.8% compared to the same quarter last year. Research analysts forecast that Sun Country Airlines Holdings, Inc. 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.