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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $16.34 and last traded at $16.31, with a volume of 216737 shares trading hands. The stock had previously closed at $15.66.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Susquehanna boosted their target price 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. Barclays increased their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $18.67.

Sun Country Airlines Price Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company has a fifty day moving average of $14.80 and a 200-day moving average of $12.61. The firm has a market cap of $856.57 million, a P/E ratio of 19.98, a P/E/G ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same period last year, the firm earned $0.14 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Insider Transactions at Sun Country Airlines

In related news, CFO David M. Davis sold 2,115 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company’s stock, valued at $202,914.39. This trade represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,504 shares of company stock worth $1,313,710 in the last 90 days. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 1,000 shares in the last quarter. US Bancorp DE grew its position in shares of 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 in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Sun Country Airlines in the second quarter worth $124,000. Paloma Partners Management Co bought a new stake in Sun Country Airlines during the third quarter valued at $132,000. Finally, SG Americas Securities LLC purchased a new position in Sun Country Airlines during the third quarter worth about $159,000.

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.