Zacks Research Upgrades Sun Country Airlines (NASDAQ:SNCY) to “Hold”

Sun Country Airlines (NASDAQ:SNCY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Citigroup lifted their price target on shares of Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Cantor Fitzgerald set a $21.00 target price on Sun Country Airlines in a research report on Monday, November 3rd. Finally, TD Cowen reaffirmed a “hold” rating on shares of Sun Country Airlines in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Sun Country Airlines presently has an average rating of “Hold” and a consensus target price of $19.75.

Sun Country Airlines Trading Up 1.7%

Shares of SNCY stock opened at $21.19 on Thursday. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $22.29. The stock’s fifty day simple moving average is $16.68 and its 200 day simple moving average is $13.77. 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 firm has a market capitalization of $1.12 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.48 and a beta of 1.58.

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

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 5,514 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $82,544.58. Following the sale, the chief executive officer owned 173,044 shares of the company’s stock, valued at approximately $2,590,468.68. This represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen Andrew Coley sold 2,052 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the transaction, the senior vice president directly owned 45,040 shares in the company, valued at $679,653.60. This represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,378 shares of company stock valued at $343,249 over the last quarter. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Sun Country Airlines by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock valued at $56,898,000 after acquiring an additional 589,323 shares during the period. Frontier Capital Management Co. LLC increased its stake in Sun Country Airlines by 53.3% in the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock valued at $41,520,000 after purchasing an additional 1,228,721 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Sun Country Airlines by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 3,178,770 shares of the company’s stock valued at $37,351,000 after purchasing an additional 43,197 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sun Country Airlines by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,685,524 shares of the company’s stock valued at $38,645,000 after purchasing an additional 161,833 shares during the period. Finally, State Street Corp boosted its position in shares of Sun Country Airlines by 7.2% during the 4th quarter. State Street Corp now owns 2,023,372 shares of the company’s stock worth $29,116,000 after purchasing an additional 136,038 shares in the last quarter.

About Sun Country Airlines

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.