Stocks of Sun Country Airlines Holdings Inc. (NASDAQ:SNCY) traded higher last session on Wall Street, up 9.75% to $22.74.
As we calculate the median target price by taking the range between a high of $29.00 and a low of $20.00, we find $26.00. Given the previous closing price of $20.72, this indicates a potential upside of 25.48 percent. SNCY stock price is now 20.67% away from the 50-day moving average and 21.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.28B.
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Brokers who have rated the stock have averaged $25.00 as their price target over the next twelve months.
On September 06, 2022, Cowen recently initiated its ‘Outperform’ rating on the stock quoting a target price of $25, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, SCA Horus Holdings, LLC, 10% Owner sold 787,500 shares of the company’s stock on Feb 23. The stock was sold for $15,553,125 at an average price of $19.75. Upon completion of the transaction, the 10% Owner now directly owns 18,832,497 shares in the company, valued at $428.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, 10% Owner SCA Horus Holdings, LLC sold 5,250,000 shares of the business’s stock. A total of $103,687,500 was realized by selling the stock at an average price of $19.75. This leaves the insider owning 19,619,997 shares of the company worth $446.16 million. Insiders disposed of 183,981 shares of company stock worth roughly $4.18 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SNCY stock. A new stake in Sun Country Airlines Holdings Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $20,115,000. HRT FINANCIAL LP invested $3,658,000 in shares of SNCY during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Sun Country Airlines Holdings Inc. valued at approximately $3,249,000. ALPINE GLOBAL MANAGEMENT, LLC acquired a new stake in SNCY for approximately $1,304,000. PDT PARTNERS, LLC purchased a new stake in SNCY valued at around $1,217,000 in the second quarter.
Tuesday’s opening bell rang with an opening price of $20.79 for Sun Country Airlines Holdings Inc. (NASDAQ: SNCY). During the past 12 months, Sun Country Airlines Holdings Inc. has had a low of $13.25 and a high of $29.98. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for SNCY is $18.84 and a two-hundred day moving average price translates $18.75 for the stock.
The latest earnings results from Sun Country Airlines Holdings Inc. (NASDAQ: SNCY) was released for Dec, 2022. According to the Airlines Company, earnings per share came in at $0.13, beating analysts’ expectations of $0.11 by 0.02. This compares to $0.07 EPS in the same period last year. The net profit margin was 2.00% and return on equity was 3.60% for SNCY. The company reported revenue of $227.15 million for the quarter, compared to $172.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.64 percent. For the current quarter, analysts expect SNCY to generate $283.61M in revenue.
Sun Country Airlines Holdings Inc.(SNCY) Company Profile
Sun Country Airlines Holdings, Inc., an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft. Sun Country Airlines Holdings, Inc. was founded in 1983 and is headquartered in Minneapolis, Minnesota.
