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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $19.29.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price for the company. Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th.

Insiders Place Their Bets

In other news, CFO David M. Davis sold 2,115 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the sale, the chief financial officer now directly owns 36,158 shares in the company, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares in the company, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 282,047 shares of company stock valued at $4,637,162. 4.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Sun Country Airlines by 76.9% during the third 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 last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Sun Country Airlines by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Sun Country Airlines by 11.9% in the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after acquiring an additional 1,505 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,512 shares during the last quarter. Finally, Creative Planning boosted its holdings in Sun Country Airlines by 36.0% in the third quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after acquiring an additional 4,954 shares during the last quarter.

Sun Country Airlines Trading Down 0.2 %

Shares of Sun Country Airlines stock opened at $16.96 on Wednesday. The firm has a 50-day moving average of $15.32 and a 200-day moving average of $13.03. The stock has a market cap of $897.86 million, a PE ratio of 20.94, a PEG ratio of 0.37 and a beta of 1.44. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $17.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines Company Profile

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.