Sun Country Airlines (NASDAQ:SNCY) Sets New 12-Month High – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a research note on Tuesday. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the company from $12.00 to $20.00 in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sun Country Airlines has a consensus rating of “Hold” and an average price target of $19.75.

Sun Country Airlines Price Performance

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 stock has a fifty day simple moving average of $16.40 and a 200-day simple moving average of $13.66. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 0.49 and a beta of 1.58.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The business had revenue of $280.96 million for the quarter, compared to the consensus estimate of $272.98 million. During the same quarter last year, the company posted $0.27 earnings per share. Sun Country Airlines’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities 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 other Sun Country Airlines news, SVP Stephen Andrew Coley sold 2,052 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the sale, the senior vice president directly owned 45,040 shares in the company, valued at $679,653.60. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jude Bricker sold 5,062 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $17.55, for a total value of $88,838.10. Following the transaction, the chief executive officer owned 167,982 shares of the company’s stock, valued at $2,948,084.10. This represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,378 shares of company stock valued at $343,249. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Sun Country Airlines by 1,728.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after acquiring an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Sun Country Airlines by 1,556.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after purchasing an additional 4,219 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines in the 2nd quarter worth approximately $59,000. Ameritas Investment Partners Inc. lifted its holdings in Sun Country Airlines by 40.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after buying an additional 1,504 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Sun Country Airlines by 183.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after buying an additional 3,415 shares during the last quarter.

Sun Country Airlines Company Profile

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.