Sun Country Airlines (NASDAQ:SNCY) Sets New 1-Year High - Time to Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.83 and last traded at $17.65, with a volume of 289835 shares trading hands. The stock had previously closed at $17.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.29.

Sun Country Airlines Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $889.33 million, a price-to-earnings ratio of 17.61, a PEG ratio of 0.42 and a beta of 1.46. The stock has a 50-day moving average price of $16.07 and a two-hundred day moving average price of $13.52.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the prior year, the business posted $0.12 EPS. Sun Country Airlines's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the sale, the vice president now owns 12,999 shares of the company's stock, valued at $202,914.39. The trade was a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David M. Davis sold 59,389 shares of Sun Country Airlines stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at $550,033. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 242,279 shares of company stock worth $4,031,056. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. Farther Finance Advisors LLC grew its position 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 purchasing an additional 1,000 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines during the fourth quarter worth $60,000. BNP Paribas Financial Markets acquired a new stake in Sun Country Airlines during the fourth quarter valued at $74,000. 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. Finally, Aquatic Capital Management LLC purchased a new position in Sun Country Airlines in the fourth quarter valued at $102,000.

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.