Sun Country Airlines (NASDAQ:SNCY) Stock Price Up 6% After Analyst Upgrade

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s share price was up 6% during mid-day trading on Tuesday after Susquehanna raised their price target on the stock from $14.00 to $16.00. Susquehanna currently has a neutral rating on the stock. Sun Country Airlines traded as high as $16.05 and last traded at $15.96. Approximately 349,877 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 469,714 shares. The stock had previously closed at $15.05.

SNCY has been the topic of several other research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Barclays raised their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.67.

Insider Buying and Selling at Sun Country Airlines

In other news, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the transaction, the vice president now owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,504 shares of company stock worth $1,313,710. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in 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 period. US Bancorp DE raised its holdings in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Sun Country Airlines in the 2nd quarter valued at $124,000. Paloma Partners Management Co acquired a new position in shares of Sun Country Airlines in the 3rd quarter valued at $132,000. Finally, SG Americas Securities LLC purchased a new position in shares of Sun Country Airlines in the 3rd quarter valued at $159,000.

Sun Country Airlines Price Performance

The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $847.57 million, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The company’s 50 day moving average is $14.69 and its 200 day moving average is $12.53.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 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.