Sun Country Airlines (NASDAQ:SNCY) Sets New 52-Week High – Here’s What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares reached a new 52-week high 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.

Analyst Ratings Changes

SNCY has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective for the company. Susquehanna lifted their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.29.

Sun Country Airlines Stock Up 4.9 %

The business has a 50-day moving average price of $15.93 and a 200 day moving average price of $13.41. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $959.80 million, a P/E ratio of 19.08, a P/E/G ratio of 0.37 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Erin Rose Neale sold 1,738 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $14.88, for a total value of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company’s stock, valued at approximately $448,512.96. This represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 27,482 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.09, for a total transaction of $469,667.38. Following the completion of the sale, the vice president now owns 11,618 shares of the company’s stock, valued at $198,551.62. This trade represents a 70.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,279 shares of company stock worth $4,031,056. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares during the period. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines in the 4th quarter valued at $60,000. BNP Paribas Financial Markets purchased a new stake in Sun Country Airlines in the fourth quarter worth $74,000. US Bancorp DE lifted its position in shares of Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter valued at $102,000.

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.