Sun Country Airlines (NASDAQ:SNCY) Reaches New 52-Week High – Should You 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 $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 Analysts Forecast Growth

A number of research analysts recently weighed in on SNCY shares. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th. Barclays lifted their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday. They issued an “overweight” rating and a $23.00 price target for the company. Finally, Susquehanna raised 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Trading Up 1.6 %

The company has a market cap of $894.69 million, a P/E ratio of 20.86, a P/E/G ratio of 0.37 and a beta of 1.44. The stock’s 50-day moving average is $14.97 and its two-hundred day moving average is $12.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $250.30 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, CEO Jude Bricker sold 37,817 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Gregory A. Mays sold 6,147 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $16.08, for a total transaction of $98,843.76. Following the completion of the sale, the chief operating officer now directly owns 60,368 shares of the company’s stock, valued at approximately $970,717.44. This trade represents a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,458 shares of company stock valued at $1,568,660. Insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of SNCY. Dimensional Fund Advisors LP increased its stake in shares of Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock worth $14,899,000 after purchasing an additional 112,397 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Sun Country Airlines by 3.1% during the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,512 shares in the last quarter. AQR Capital Management LLC grew its stake in Sun Country Airlines by 213.2% during the second quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock valued at $6,484,000 after acquiring an additional 351,421 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Sun Country Airlines during the second quarter valued at $240,000. Finally, Maverick Capital Ltd. purchased a new position in Sun Country Airlines during the second quarter valued at $1,890,000.

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.