Sun Country Airlines (NASDAQ:SNCY) Stock Price Expected to Rise, Susquehanna Analyst Says

Sun Country Airlines (NASDAQ:SNCY) had its price objective boosted by Susquehanna from $11.00 to $14.00 in a report issued on Monday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Separately, Wolfe Research raised 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 report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sun Country Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $17.80.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $15.36 on Monday. The company has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $11.52. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $17.56. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The company has a market cap of $813.16 million, a P/E ratio of 18.96, a PEG ratio of 0.66 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same quarter last year, the firm posted $0.14 EPS. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the sale, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,720 shares of company stock valued at $694,763 in the last three months. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP raised its stake in Sun Country Airlines by 199.6% in the 1st quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after acquiring an additional 65,991 shares during the period. LSV Asset Management raised its stake in Sun Country Airlines by 32.2% in the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after acquiring an additional 61,558 shares during the period. Quantbot Technologies LP bought a new stake in Sun Country Airlines in the 1st quarter valued at about $251,000. Empowered Funds LLC raised its stake in Sun Country Airlines by 111.5% in the 1st quarter. Empowered Funds LLC now owns 188,011 shares of the company’s stock valued at $2,837,000 after acquiring an additional 99,097 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in Sun Country Airlines by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock valued at $345,000 after acquiring an additional 1,130 shares during the period.

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.