Sun Country Airlines (NASDAQ:SNCY) Trading 6% Higher on Analyst Upgrade

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price was up 6% 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 traded hands 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.

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

Insider Buying and Selling

In other news, CFO David M. Davis sold 2,115 shares of the business’s stock in a transaction that occurred on 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 owns 36,158 shares of the company’s stock, valued at $524,652.58. The trade was a 5.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at $1,267,464.55. This trade represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,670 shares of company stock worth $1,259,172. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of Sun Country Airlines

A number of institutional investors have recently made changes to their positions in SNCY. Farther Finance Advisors LLC raised its holdings 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 valued at $26,000 after buying an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Sun Country Airlines during the 2nd quarter valued at approximately $80,000. US Bancorp DE increased its position in Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after buying an additional 8,186 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Sun Country Airlines during the second quarter valued at about $124,000. Finally, Paloma Partners Management Co bought a new stake in shares of Sun Country Airlines in the 3rd quarter worth approximately $132,000.

Sun Country Airlines Trading Up 6.0 %

The business’s 50 day moving average price is $14.62 and its 200-day moving average price is $12.50. The company has a market cap of $844.92 million, a price-to-earnings ratio of 19.70, a PEG ratio of 0.71 and a beta of 1.44. 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 (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

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.