The Goldman Sachs Group Reaffirms Neutral Rating for Sun Country Airlines (NASDAQ:SNCY)

The Goldman Sachs Group reissued their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a research report released on Friday, Marketbeat Ratings reports. They currently have a $17.00 price objective on the stock.

SNCY has been the topic of a number of other research reports. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. Barclays upped their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Susquehanna boosted their target price on Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY traded down $0.54 during midday trading on Friday, hitting $14.89. The company’s stock had a trading volume of 706,803 shares, compared to its average volume of 669,744. The firm has a market capitalization of $788.28 million, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.70 and a beta of 1.48. The stock has a fifty day moving average price of $12.21 and a 200 day moving average price of $11.59. Sun Country Airlines has a one year low of $9.22 and a one year 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.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. 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 company earned $0.14 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, research analysts forecast that Sun Country Airlines will post 0.98 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares in the company, valued at $162,799.10. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of Sun Country Airlines

Hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Sun Country Airlines during the first quarter valued at approximately $66,000. Algert Global LLC raised its position in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after acquiring an additional 243,028 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after acquiring an additional 75,252 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Sun Country Airlines during the 2nd quarter valued at $1,890,000. Finally, Dana Investment Advisors Inc. increased its stake in shares of Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares in the last quarter.

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.