Sun Country Airlines (NASDAQ:SNCY) Reaches New 52-Week High – What’s Next?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s stock price hit 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 traded. The stock had previously closed at $17.28.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SNCY shares. 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 target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research 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 research note on Thursday, November 14th. Finally, Susquehanna raised their target price 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Stock Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market capitalization of $965.92 million, a P/E ratio of 19.13, a P/E/G ratio of 0.42 and a beta of 1.46. The business has a 50-day moving average of $15.97 and a 200-day moving average of $13.44.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $258.04 million. During the same quarter last year, the business earned $0.12 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 1,593 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $17.00, for a total transaction of $27,081.00. Following the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at approximately $197,506. This trade represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at $513,901.80. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,279 shares of company stock worth $4,031,056. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors have recently made changes to their positions in SNCY. Farther Finance Advisors LLC grew its holdings in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Sun Country Airlines during the fourth quarter valued at approximately $60,000. BNP Paribas Financial Markets purchased a new position in Sun Country Airlines during the fourth quarter valued at approximately $74,000. US Bancorp DE raised its stake in Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after buying an additional 8,186 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Sun Country Airlines in the fourth quarter worth approximately $102,000.

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.