Sun Country Airlines (NASDAQ:SNCY) Sets New 12-Month High – Time to Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $17.83 and last traded at $17.65, with a volume of 289835 shares. The stock had previously closed at $17.28.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNCY. Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Susquehanna lifted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Sun Country Airlines Stock Performance

The company has a 50 day moving average of $15.93 and a two-hundred day moving average of $13.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.57. The company has a market capitalization of $959.80 million, a PE ratio of 19.08, a PEG ratio of 0.37 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. During the same period in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.96 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares of the company’s stock, valued at approximately $448,512.96. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David M. Davis sold 59,389 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $550,033. This represents a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,279 shares of company stock valued at $4,031,056. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently bought and sold shares of SNCY. SG Americas Securities LLC purchased a new stake in shares of Sun Country Airlines during the 3rd quarter valued at about $159,000. Creative Planning boosted its holdings in Sun Country Airlines by 36.0% in the third quarter. Creative Planning now owns 18,734 shares of the company’s stock worth $210,000 after purchasing an additional 4,954 shares during the last quarter. U S Global Investors Inc. grew its position in Sun Country Airlines by 14.2% in the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after purchasing an additional 336,086 shares during the period. Assenagon Asset Management S.A. raised its stake in Sun Country Airlines by 4.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 223,266 shares of the company’s stock valued at $2,503,000 after buying an additional 10,462 shares during the last quarter. Finally, US Bancorp DE lifted its holdings 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 buying an additional 8,186 shares during the period.

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.