Sun Country Airlines (NASDAQ:SNCY) Reaches New 12-Month High – Should You Buy?

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.29 and last traded at $21.9650, with a volume of 256305 shares trading hands. The stock had previously closed at $21.84.

Analyst Upgrades and Downgrades

SNCY has been the subject of several recent research reports. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price objective for the company from $12.00 to $20.00 in a research note on Friday, January 9th. Citigroup boosted their price objective on Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Cantor Fitzgerald set a $21.00 price target on shares of Sun Country Airlines in a research note on Monday, November 3rd. Zacks Research downgraded shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Wolfe Research downgraded Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.25.

Sun Country Airlines Stock Down 0.9%

The company has a market capitalization of $1.14 billion, a PE ratio of 22.54, a P/E/G ratio of 0.49 and a beta of 1.58. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $13.47.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insider Transactions at Sun Country Airlines

In related news, CEO Jude Bricker sold 5,514 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $82,544.58. Following the completion of the transaction, the chief executive officer directly owned 173,044 shares of the company’s stock, valued at $2,590,468.68. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Erin Rose Neale sold 2,257 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the completion of the sale, the senior vice president owned 38,931 shares of the company’s stock, valued at approximately $682,460.43. The trade was a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,378 shares of company stock worth $343,249 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sun Country Airlines by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock valued at $289,000 after purchasing an additional 1,014 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Sun Country Airlines by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after purchasing an additional 74,558 shares in the last quarter. Empowered Funds LLC raised its position in shares of Sun Country Airlines by 2.0% during the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock worth $2,820,000 after purchasing an additional 4,569 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Sun Country Airlines during the 1st quarter worth approximately $88,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Sun Country Airlines in the 2nd quarter valued at approximately $187,000.

About Sun Country Airlines

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.