Sun Country Airlines (NASDAQ:SNCY) Given Neutral Rating at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a research report sent to investors on Friday morning, MarketBeat.com reports. The firm currently has a $17.00 price target on the stock.

A number of other research analysts have also weighed in on the stock. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wolfe Research upgraded 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. Finally, Barclays lifted 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Sun Country Airlines Trading Down 3.5 %

SNCY traded down $0.54 during trading on Friday, reaching $14.89. 706,803 shares of the company’s stock were exchanged, compared to its average volume of 669,744. The company’s fifty day moving average price is $12.21 and its 200-day moving average price is $11.59. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market capitalization of $788.28 million, a PE ratio of 18.38, a P/E/G ratio of 0.70 and a beta of 1.48. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $249.50 million for 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%. Sun Country Airlines’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. As a group, equities analysts forecast that Sun Country Airlines will post 0.98 EPS for the current year.

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred 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 approximately $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares of the company’s stock, valued at $162,799.10. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of large investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in Sun Country Airlines in the first quarter valued at about $66,000. Algert Global LLC boosted its holdings in shares of Sun Country Airlines by 207.3% during the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after buying an additional 243,028 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Sun Country Airlines by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after acquiring an additional 75,252 shares in the last quarter. Maverick Capital Ltd. bought a new position in Sun Country Airlines during the second quarter worth $1,890,000. Finally, Dana Investment Advisors Inc. grew its holdings in Sun Country Airlines by 114.5% in the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares during the period.

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.