Sun Country Airlines (NASDAQ:SNCY) Receives “Hold (C-)” Rating from Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a research report report published on Friday morning,Weiss Ratings reports.

SNCY has been the topic of several other research reports. Morgan Stanley reduced their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Evercore ISI boosted their price objective on shares of Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. boosted their price objective on shares of Sun Country Airlines from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Wall Street Zen cut shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Susquehanna boosted their price objective on shares of Sun Country Airlines from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.71.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $12.28 on Friday. The firm’s fifty day moving average price is $12.20 and its two-hundred day moving average price is $11.71. The stock has a market cap of $654.77 million, a PE ratio of 11.70, a PEG ratio of 0.37 and a beta of 1.59. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.59 and a current ratio of 0.76.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $127.61 million for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%. On average, equities analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 5,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total transaction of $65,900.00. Following the transaction, the vice president owned 25,109 shares of the company’s stock, valued at $330,936.62. This represents a 16.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jude Bricker sold 2,139 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total transaction of $25,004.91. Following the transaction, the chief executive officer directly owned 123,347 shares in the company, valued at $1,441,926.43. This trade represents a 1.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,853 shares of company stock worth $112,101 in the last three months. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently modified their holdings of SNCY. Voya Investment Management LLC raised its position in shares of Sun Country Airlines by 5,842.4% during the first quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock worth $17,370,000 after purchasing an additional 1,386,166 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of Sun Country Airlines by 53.3% during the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after purchasing an additional 1,228,721 shares during the period. Bank of New York Mellon Corp raised its position in shares of Sun Country Airlines by 230.2% during the first quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company’s stock worth $11,361,000 after purchasing an additional 642,902 shares during the period. Apollo Management Holdings L.P. acquired a new position in shares of Sun Country Airlines during the second quarter worth approximately $6,821,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Sun Country Airlines by 91.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock worth $14,301,000 after purchasing an additional 580,062 shares during the period.

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.