Sun Country Airlines (NASDAQ:SNCY) Hits New 12-Month High – Still a Buy?

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on SNCY. 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Wolfe Research upgraded 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

Sun Country Airlines Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market cap of $855.51 million, a P/E ratio of 19.95, a P/E/G ratio of 0.71 and a beta of 1.44. The business has a fifty day simple moving average of $14.78 and a 200 day simple moving average of $12.57.

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

Insiders Place Their Bets

In related news, VP John Gyurci sold 40,000 shares of the firm’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares of the company’s stock, valued at $524,652.58. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,504 shares of company stock worth $1,313,710. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds have recently made changes to their positions in SNCY. State Street Corp boosted its holdings 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 buying an additional 51,224 shares during the period. FMR LLC raised its stake in Sun Country Airlines by 19.0% during 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 during the period. Algert Global LLC lifted its holdings 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sun Country Airlines in the third quarter worth $500,000. Finally, Maverick Capital Ltd. acquired a new position in Sun Country Airlines during the second quarter valued at $1,890,000.

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.