Barclays Cuts Sun Country Airlines (NASDAQ:SNCY) Price Target to $18.00

Sun Country Airlines (NASDAQ:SNCY) had its target price trimmed by Barclays from $24.00 to $18.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective on the stock. Susquehanna lowered their price target on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.71.

Sun Country Airlines Stock Down 10.8 %

Shares of Sun Country Airlines stock opened at $10.39 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a market capitalization of $552.31 million, a P/E ratio of 10.94, a P/E/G ratio of 0.42 and a beta of 1.55. The company has a 50 day moving average of $14.30 and a 200 day moving average of $14.19.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. As a group, research analysts forecast that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 1,593 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $17.00, for a total value of $27,081.00. Following the completion of the sale, the vice president now owns 11,618 shares in the company, valued at $197,506. This represents a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Grant Whitney sold 3,912 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $15.88, for a total transaction of $62,122.56. Following the transaction, the senior vice president now directly owns 16,455 shares in the company, valued at $261,305.40. The trade was a 19.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,327 shares of company stock worth $3,201,474. 4.60% of the stock is owned by insiders.

Institutional Trading of Sun Country Airlines

A number of hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sun Country Airlines by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company’s stock worth $328,000 after purchasing an additional 796 shares during the last quarter. New York State Teachers Retirement System increased its stake in Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after buying an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. raised its position in Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company’s stock worth $5,191,000 after buying an additional 1,932 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company’s stock worth $350,000 after acquiring an additional 2,792 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Sun Country Airlines by 9.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company’s stock valued at $711,000 after acquiring an additional 4,089 shares in the last quarter.

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.