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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.29.

Several equities research analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target on the stock.

Sun Country Airlines Price Performance

Shares of SNCY opened at $13.88 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market cap of $737.83 million, a price-to-earnings ratio of 14.61, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $18.59. The stock has a 50 day moving average of $15.78 and a 200-day moving average of $14.19.

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

Insider Activity

In related news, CFO David M. Davis sold 59,389 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.05, for a total value of $1,012,582.45. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at $550,033. This represents a 64.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John Gyurci sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total transaction of $102,780.00. Following the transaction, the vice president now directly owns 11,618 shares in the company, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,541 shares of company stock valued at $3,380,795. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in Sun Country Airlines during the fourth quarter worth approximately $60,000. BNP Paribas Financial Markets acquired a new position in shares of Sun Country Airlines during the 4th quarter valued at $74,000. Aquatic Capital Management LLC bought a new stake in shares of Sun Country Airlines in the 4th quarter worth $102,000. Quarry LP lifted its holdings 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 valued at $115,000 after buying an additional 6,159 shares during the period. Finally, State of Wyoming boosted its stake in 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 buying an additional 4,262 shares in the last quarter.

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.