Sun Country Airlines (NASDAQ:SNCY) Sets New 52-Week High – Still a Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares reached a new 52-week high on Tuesday . The stock traded as high as $16.78 and last traded at $16.58, with a volume of 32624 shares trading hands. The stock had previously closed at $16.18.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SNCY shares. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. Barclays increased their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research report on Wednesday. They set an “overweight” rating and a $23.00 price objective for the company. Finally, Susquehanna increased their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Sun Country Airlines Stock Up 1.6 %

The company’s fifty day moving average price is $14.97 and its 200-day moving average price is $12.82. The stock has a market cap of $894.69 million, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $249.50 million during 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%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. Equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the sale, the vice president now owns 12,999 shares in the company, valued at $202,914.39. This trade represents a 75.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of Sun Country Airlines stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company’s stock, valued at $448,512.96. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,458 shares of company stock worth $1,568,660 in the last 90 days. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE increased its position in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after purchasing an additional 8,186 shares during the period. Paloma Partners Management Co purchased a new position in Sun Country Airlines during the 3rd quarter valued at about $132,000. SG Americas Securities LLC purchased a new position in Sun Country Airlines during the 3rd quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company increased its position in Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 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.