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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares rose 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 traded hands during 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 reports. Barclays raised their target price 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. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Finally, Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sun Country Airlines has an average rating of “Moderate Buy” and an average target price of $18.67.

Insider Activity

In related news, CFO David M. Davis sold 2,115 shares of the company’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 transaction, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. This represents a 5.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of Sun Country Airlines stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the sale, the senior vice president now directly owns 30,142 shares in the company, valued at approximately $448,512.96. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,670 shares of company stock valued at $1,259,172 in the last quarter. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after buying an additional 51,224 shares during the last quarter. FMR LLC increased its stake in shares of Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after buying an additional 114,687 shares during the period. Algert Global LLC raised its stake in Sun Country Airlines by 207.3% during the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after acquiring an additional 243,028 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sun Country Airlines in the third quarter valued at about $500,000. Finally, Maverick Capital Ltd. purchased a new position in shares of Sun Country Airlines in the 2nd quarter valued at about $1,890,000.

Sun Country Airlines Stock Up 6.0 %

The firm has a fifty day moving average price of $14.62 and a 200-day moving average price of $12.50. The firm 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 quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. As a group, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current 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.