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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.6250.

A number of research analysts recently commented on SNCY shares. Cowen reiterated a “buy” rating on shares of Sun Country Airlines in a research note on Monday, November 3rd. Wall Street Zen downgraded Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Cantor Fitzgerald set a $21.00 price objective on Sun Country Airlines in a report on Monday, November 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th.

Sun Country Airlines Stock Down 1.4%

Shares of Sun Country Airlines stock opened at $17.48 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73. Sun Country Airlines has a 1-year low of $8.10 and a 1-year high of $18.59. The business’s fifty day moving average price is $14.47 and its two-hundred day moving average price is $12.97. The company has a market capitalization of $921.55 million, a P/E ratio of 16.65, a PEG ratio of 0.40 and a beta of 1.57.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Stephen Andrew Coley sold 2,052 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the sale, the senior vice president owned 45,040 shares in the company, valued at approximately $679,653.60. The trade was a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 5,514 shares of the company’s stock in a transaction dated 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 directly owned 173,044 shares of the company’s stock, valued at $2,590,468.68. This represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,626 shares of company stock valued at $329,766. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sun Country Airlines by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock valued at $289,000 after purchasing an additional 1,014 shares during the period. Goldman Sachs Group Inc. raised its position in Sun Country Airlines by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock valued at $14,384,000 after buying an additional 74,558 shares during the period. Empowered Funds LLC raised its position in Sun Country Airlines by 2.0% during the first quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock valued at $2,820,000 after buying an additional 4,569 shares during the period. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the 1st quarter worth about $88,000. Finally, Voya Investment Management LLC boosted its position in Sun Country Airlines by 5,842.4% during the 1st quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock worth $17,370,000 after acquiring an additional 1,386,166 shares during the period.

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.