Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $18.13

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.7143.

A number of equities research analysts have weighed in on SNCY shares. Wall Street Zen lowered shares of Sun Country Airlines from a “strong-buy” rating to a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of Sun Country Airlines from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Susquehanna boosted their target price on shares of Sun Country Airlines from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Morgan Stanley reduced their target price on shares of Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Evercore ISI boosted their target price on shares of Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, September 29th.

Insiders Place Their Bets

In other news, VP John Gyurci sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total value of $65,900.00. Following the sale, the vice president directly owned 25,109 shares of the company’s stock, valued at approximately $330,936.62. This represents a 16.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jude Bricker sold 2,139 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $11.69, for a total transaction of $25,004.91. Following the completion of the sale, the chief executive officer directly owned 123,347 shares in the company, valued at approximately $1,441,926.43. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,853 shares of company stock worth $112,101. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SNCY. GAMMA Investing LLC lifted its position in shares of Sun Country Airlines by 1,390.3% during the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company’s stock valued at $122,000 after acquiring an additional 9,218 shares during the period. SG Americas Securities LLC acquired a new position in shares of Sun Country Airlines during the 1st quarter valued at $498,000. New York State Teachers Retirement System lifted its position in shares of Sun Country Airlines by 17.2% during the 1st quarter. New York State Teachers Retirement System now owns 16,611 shares of the company’s stock valued at $205,000 after acquiring an additional 2,443 shares during the period. Principal Financial Group Inc. lifted its position in shares of Sun Country Airlines by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 196,144 shares of the company’s stock valued at $2,416,000 after acquiring an additional 5,590 shares during the period. Finally, VELA Investment Management LLC lifted its position in shares of Sun Country Airlines by 24.3% during the 1st quarter. VELA Investment Management LLC now owns 128,746 shares of the company’s stock valued at $1,586,000 after acquiring an additional 25,162 shares during the period.

Sun Country Airlines Price Performance

SNCY stock opened at $10.77 on Monday. The company has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $11.69. The stock has a market cap of $574.26 million, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.37 and a beta of 1.59. Sun Country Airlines has a 1 year low of $8.10 and a 1 year high of $18.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.The company had revenue of $127.61 million for the quarter. Research analysts anticipate that Sun Country Airlines will post 1.92 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.