Sun Country Airlines (NASDAQ:SNCY) Trading Up 0.9%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s share price was up 0.9% during mid-day trading on Monday . The stock traded as high as $34.59 and last traded at $34.02. Approximately 1,210 shares changed hands during trading, a decline of 100% from the average daily volume of 391,695 shares. The stock had previously closed at $33.71.

Several equities research analysts have issued reports on SNCY shares. Susquehanna Bancshares started coverage on shares of Sun Country Airlines in a research note on Tuesday, July 13th. They set a “positive” rating and a $34.74 price target on the stock. Susquehanna started coverage on shares of Sun Country Airlines in a research note on Tuesday, July 13th. They set a “positive” rating and a $42.00 price target on the stock. Zacks Investment Research raised shares of Sun Country Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 4th. Finally, Morgan Stanley raised their price target on shares of Sun Country Airlines from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $42.53.

The firm has a 50-day moving average of $32.75. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.87.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Thursday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.21. The company had revenue of $149.19 million during the quarter, compared to analyst estimates of $135.12 million. Research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.23 EPS for the current fiscal year.

In related news, CFO David M. Davis sold 27,030 shares of the firm’s stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $35.00, for a total value of $946,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new position in Sun Country Airlines in the second quarter valued at approximately $50,000. Royal Bank of Canada purchased a new stake in shares of Sun Country Airlines during the first quarter valued at approximately $57,000. Advisor Group Holdings Inc. raised its stake in shares of Sun Country Airlines by 303.7% during the second quarter. Advisor Group Holdings Inc. now owns 1,643 shares of the company’s stock valued at $60,000 after purchasing an additional 1,236 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Sun Country Airlines during the second quarter valued at approximately $100,000. Finally, Morgan Stanley raised its stake in shares of Sun Country Airlines by 2,407.5% during the second quarter. Morgan Stanley now owns 5,015 shares of the company’s stock valued at $186,000 after purchasing an additional 4,815 shares during the period.

About Sun Country Airlines (NASDAQ:SNCY)

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. As of May 17, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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