Sun Country Airlines (NASDAQ:SNCY) Sets New 52-Week High - Should You Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) hit 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 trading hands. The stock had previously closed at $15.66.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNCY. Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th. Susquehanna raised their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Tuesday. Barclays increased 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, The Goldman Sachs Group restated a "neutral" rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.67.

Sun Country Airlines Price Performance

The firm has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $12.60. The company has a market capitalization of $856.57 million, a PE ratio of 19.98, a P/E/G ratio of 0.71 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The company had revenue of $249.50 million during the quarter, compared to analysts' expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 40,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company's stock, valued at approximately $202,914.39. This 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 can be accessed through the SEC website. Also, CFO David M. Davis sold 2,115 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 36,158 shares in the company, valued at $524,652.58. This represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 85,504 shares of company stock worth $1,313,710. Corporate insiders own 4.60% of the company's stock.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock valued at $26,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE increased its holdings 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 valued at $94,000 after buying an additional 8,186 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Sun Country Airlines in the second quarter valued at about $124,000. Paloma Partners Management Co purchased a new position in Sun Country Airlines in the third quarter valued at about $132,000. Finally, SG Americas Securities LLC purchased a new position in Sun Country Airlines in the third quarter valued at about $159,000.

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.