Sun Country Airlines (NASDAQ:SNCY) Trading Up 6% on Analyst Upgrade

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) rose 6% on Tuesday after Susquehanna raised their price target on the stock from $14.00 to $16.00. Susquehanna currently has a neutral rating on the stock. Sun Country Airlines traded as high as $16.05 and last traded at $15.96. Approximately 349,877 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 469,714 shares. The stock had previously closed at $15.05.

A number of other equities analysts have also weighed in on SNCY. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. Finally, Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.67.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now directly owns 82,895 shares in the company, valued at approximately $1,267,464.55. This trade represents a 31.33 % 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 40,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the sale, the vice president now owns 12,999 shares in the company, valued at $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,504 shares of company stock valued at $1,313,710. Corporate insiders own 4.60% 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 the stock. Farther Finance Advisors LLC raised its holdings in Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Sun Country Airlines by 3.1% during the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock worth $1,047,000 after buying an additional 2,512 shares during the period. Bank of New York Mellon Corp boosted its stake in Sun Country Airlines by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock worth $4,118,000 after buying an additional 3,641 shares during the last quarter. Finally, Creative Planning grew its holdings in Sun Country Airlines by 36.0% in the 3rd quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after buying an additional 4,954 shares during the period.

Sun Country Airlines Stock Performance

The company’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $12.55. The firm has a market capitalization of $829.04 million, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. As a group, equities analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 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.