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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.67.

A number of research firms have recently weighed in on SNCY. TD Cowen boosted their price objective on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $21.00 price objective on shares of Sun Country Airlines in a research report on Thursday, June 20th.

Insider Buying and Selling

In related news, SVP Grant Whitney sold 5,888 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Grant Whitney sold 5,888 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jude Bricker sold 2,086 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the transaction, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,964 shares of company stock valued at $189,075. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently bought and sold shares of the stock. LSV Asset Management increased its position in shares of Sun Country Airlines by 32.2% in the first quarter. LSV Asset Management now owns 252,458 shares of the company’s stock worth $3,810,000 after acquiring an additional 61,558 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Sun Country Airlines by 199.6% in the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock worth $1,495,000 after acquiring an additional 65,991 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Sun Country Airlines in the first quarter worth $1,208,000. Vanguard Group Inc. increased its position in shares of Sun Country Airlines by 3.7% in the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock worth $62,468,000 after acquiring an additional 150,735 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $431,000.

Sun Country Airlines Stock Up 3.5 %

Shares of NASDAQ SNCY opened at $12.89 on Wednesday. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $23.23. The company has a market capitalization of $678.14 million, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.55 and a beta of 1.56. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.59. The firm’s 50-day moving average is $11.22 and its two-hundred day moving average is $13.27.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $316.23 million. During the same period last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts anticipate that Sun Country Airlines will post 1.01 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.