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

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SNCY shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Barclays boosted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their price objective 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. Finally, JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.29.

Sun Country Airlines Price Performance

The company has a market capitalization of $965.92 million, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.42 and a beta of 1.46. The firm has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $13.44. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same period last year, the company earned $0.12 earnings per share. Sun Country Airlines’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 2,760 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.93, for a total transaction of $43,966.80. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $513,901.80. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Gyurci sold 6,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the sale, the vice president now directly owns 11,618 shares of the company’s stock, valued at $199,016.34. This represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 242,279 shares of company stock worth $4,031,056 in the last three months. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares during the last quarter. FMR LLC lifted its holdings in Sun Country Airlines by 19.0% in the 3rd 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. JPMorgan Chase & Co. boosted its stake in 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 during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after buying an additional 196,094 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sun Country Airlines in the third quarter valued at about $500,000.

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.