Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Average Recommendation of “Moderate Buy” by Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.29.

SNCY has been the topic of several research analyst reports. Susquehanna increased their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock.

Insider Buying and Selling

In other news, COO Gregory A. Mays sold 6,147 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $16.08, for a total transaction of $98,843.76. Following the completion of the transaction, the chief operating officer now owns 60,368 shares in the company, valued at approximately $970,717.44. This represents a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Davis sold 59,389 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $550,033. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,541 shares of company stock worth $3,380,795 over the last quarter. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in SNCY. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $60,000. BNP Paribas Financial Markets bought a new stake in Sun Country Airlines during the 4th quarter valued at $74,000. Aquatic Capital Management LLC acquired a new position in Sun Country Airlines during the 4th quarter worth $102,000. Quarry LP grew its stake in shares of Sun Country Airlines by 355.0% in 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 in the last quarter. Finally, State of Wyoming increased its holdings 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 Price Performance

SNCY stock opened at $13.14 on Thursday. The stock’s 50 day moving average is $15.95 and its two-hundred day moving average is $14.12. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a market capitalization of $698.50 million, a PE ratio of 13.83, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current fiscal 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.