Analysts Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $18.33

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.33.

SNCY has been the topic of several research reports. Susquehanna upped their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays upped their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th.

Insider Buying and Selling

In other Sun Country Airlines news, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the transaction, the vice president now owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the sale, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,720 shares of company stock worth $1,285,263. 4.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. CWM LLC raised its stake in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC purchased a new position in shares of Sun Country Airlines during the 2nd quarter valued at $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of Sun Country Airlines during the 2nd quarter worth $80,000. Finally, US Bancorp DE increased its holdings in Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares during the last quarter.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $15.19 on Tuesday. Sun Country Airlines has a one year low of $9.22 and a one year high of $16.42. The company has a market cap of $804.16 million, a PE ratio of 18.75, a P/E/G ratio of 0.71 and a beta of 1.46. The stock has a 50-day moving average of $13.67 and a 200-day moving average of $12.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Sun Country Airlines will post 0.92 EPS 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.