Sun Country Airlines’ (SNCY) Overweight Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a research note issued to investors on Thursday, Benzinga reports. They currently have a $21.00 price objective on the stock.

Separately, TD Cowen reduced their target price on shares of Sun Country Airlines from $22.00 to $17.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $19.17.

Sun Country Airlines Price Performance

Shares of SNCY opened at $12.09 on Thursday. The company has a market cap of $636.05 million, a price-to-earnings ratio of 9.91, a PEG ratio of 0.54 and a beta of 1.52. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $23.80. The company’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $13.77. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The firm had revenue of $311.50 million for the quarter, compared to analyst estimates of $316.23 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Sun Country Airlines’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Sun Country Airlines will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Country Airlines news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Sun Country Airlines news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the transaction, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The disclosure for this sale can be found here. Insiders sold 10,961 shares of company stock valued at $135,828 over the last quarter. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Sun Country Airlines by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after purchasing an additional 150,735 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Sun Country Airlines during the 4th quarter valued at approximately $431,000. Illinois Municipal Retirement Fund increased its position in Sun Country Airlines by 3.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after purchasing an additional 776 shares during the period. Barclays PLC boosted its holdings in shares of Sun Country Airlines by 13.7% during the 3rd quarter. Barclays PLC now owns 16,627 shares of the company’s stock worth $247,000 after buying an additional 2,003 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $7,078,000.

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.