Sun Country Airlines (NASDAQ:SNCY) Hits New 12-Month High – Here’s What Happened

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)’s share price hit a new 52-week high on Friday . The stock traded as high as $16.34 and last traded at $16.31, with a volume of 216737 shares. The stock had previously closed at $15.66.

Analyst Upgrades and Downgrades

SNCY has been the topic of a number of analyst reports. Barclays increased their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna increased 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, January 7th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.67.

Sun Country Airlines Stock Performance

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a market cap of $856.57 million, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.71 and a beta of 1.44. The stock has a fifty day simple moving average of $14.80 and a two-hundred day simple moving average of $12.61.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares in the company, valued at approximately $448,512.96. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John Gyurci sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the transaction, the vice president now directly owns 12,999 shares of the company’s stock, valued at $202,914.39. This represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,504 shares of company stock worth $1,313,710 in the last three months. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors have recently added to or reduced their stakes in SNCY. Farther Finance Advisors LLC lifted its holdings in shares of Sun Country Airlines by 76.9% during the third 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. US Bancorp DE raised its position in Sun Country Airlines by 4,522.7% during the 3rd 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. Meeder Asset Management Inc. acquired a new position in Sun Country Airlines during the 2nd quarter worth about $124,000. Paloma Partners Management Co bought a new stake in shares of Sun Country Airlines in the 3rd quarter valued at about $132,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Sun Country Airlines in the third quarter valued at about $159,000.

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.