Sun Country Airlines (NASDAQ:SNCY) Sets New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

Several research firms recently commented on SNCY. Barclays increased their target price on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna lifted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Sun Country Airlines Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $14.91 and its two-hundred day moving average is $12.76. The stock has a market cap of $883.83 million, a price-to-earnings ratio of 20.56, a PEG ratio of 0.36 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts’ expectations of $250.30 million. During the same period in the previous year, the company posted $0.14 EPS. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the transaction, the chief executive officer now directly owns 82,895 shares in the company, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction that occurred on Thursday, December 12th. The shares were 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 approximately $202,914.39. The trade was a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,458 shares of company stock valued at $1,568,660 over the last quarter. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares during the last quarter. FMR LLC lifted its holdings in shares of Sun Country Airlines by 19.0% in the third quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after purchasing an additional 114,687 shares in the last quarter. Algert Global LLC grew its position in shares of Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after purchasing an additional 243,028 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sun Country Airlines by 695.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after purchasing an additional 224,774 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Sun Country Airlines during the 3rd quarter worth approximately $500,000.

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.