Analysts Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $18.71

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.1250.

Several equities analysts have recently issued reports on SNCY shares. JPMorgan Chase & Co. boosted their target price on Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Sun Country Airlines in a research report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Sun Country Airlines in a research report on Monday. Finally, TD Cowen lifted their target price on shares of Sun Country Airlines from $15.00 to $21.00 and gave the company a “buy” rating in a research note on Monday.

Sun Country Airlines Price Performance

SNCY stock opened at $12.39 on Friday. The stock has a market capitalization of $653.20 million, a price-to-earnings ratio of 11.80, a PEG ratio of 0.42 and a beta of 1.59. The firm’s 50-day moving average price is $12.16 and its two-hundred day moving average price is $11.79. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76. Sun Country Airlines has a 12-month low of $8.10 and a 12-month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The firm had revenue of $127.61 million for the quarter. As a group, equities analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,139 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total value of $25,004.91. Following the completion of the transaction, the chief executive officer owned 123,347 shares in the company, valued at $1,441,926.43. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total value of $65,900.00. Following the sale, the vice president owned 25,109 shares in the company, valued at $330,936.62. This represents a 16.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,853 shares of company stock worth $112,101. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its holdings in shares of Sun Country Airlines by 17.2% during the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company’s stock valued at $205,000 after acquiring an additional 2,443 shares in the last quarter. U S Global Investors Inc. grew its position in Sun Country Airlines by 20.6% during the 2nd quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company’s stock valued at $24,394,000 after purchasing an additional 354,569 shares during the last quarter. CWM LLC increased its stake in Sun Country Airlines by 1,439.4% during the 2nd quarter. CWM LLC now owns 29,063 shares of the company’s stock valued at $341,000 after purchasing an additional 27,175 shares in the last quarter. Burkehill Global Management LP purchased a new position in Sun Country Airlines in the first quarter worth about $1,232,000. Finally, American Century Companies Inc. lifted its stake in shares of Sun Country Airlines by 20.5% in the first quarter. American Century Companies Inc. now owns 1,681,820 shares of the company’s stock worth $20,720,000 after buying an additional 285,872 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.