Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $19.25 Consensus Target Price from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.75.

Several analysts have recently commented on SNCY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Zacks Research downgraded Sun Country Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Wolfe Research cut Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Finally, Citigroup increased their target price on shares of Sun Country Airlines from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 5,062 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $17.55, for a total transaction of $88,838.10. Following the completion of the sale, the chief executive officer directly owned 167,982 shares of the company’s stock, valued at approximately $2,948,084.10. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Erin Rose Neale sold 2,257 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the transaction, the senior vice president directly owned 38,931 shares in the company, valued at approximately $682,460.43. This represents a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 21,378 shares of company stock worth $343,249. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sun Country Airlines by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after buying an additional 1,014 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Sun Country Airlines by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock valued at $14,384,000 after acquiring an additional 74,558 shares during the period. Empowered Funds LLC grew its position in shares of Sun Country Airlines by 2.0% during the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock valued at $2,820,000 after acquiring an additional 4,569 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Sun Country Airlines during the 1st quarter worth approximately $88,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sun Country Airlines in the 2nd quarter worth approximately $187,000.

Sun Country Airlines Trading Down 0.2%

NASDAQ SNCY opened at $20.84 on Friday. Sun Country Airlines has a 52 week low of $8.10 and a 52 week high of $22.29. The business has a 50 day moving average price of $16.54 and a 200-day moving average price of $13.71. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 0.47 and a beta of 1.58.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The business had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. During the same quarter last year, the firm posted $0.27 EPS. Sun Country Airlines’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.