Sun Country Airlines (NASDAQ:SNCY) Hits New 52-Week High on Strong Earnings

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $17.75 and last traded at $15.66, with a volume of 247645 shares. The stock had previously closed at $16.62.

The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were 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. The trade was a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jude Bricker sold 37,817 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,932 shares of company stock worth $4,606,474 over the last ninety days. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of Sun Country Airlines

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position 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 acquiring an additional 1,000 shares in the last quarter. US Bancorp DE increased its position in shares of Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $154,000. Paloma Partners Management Co acquired a new stake in shares of Sun Country Airlines in the third quarter worth $132,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Sun Country Airlines in the third quarter worth $159,000.

Sun Country Airlines Stock Performance

The stock’s fifty day moving average is $15.37 and its two-hundred day moving average is $13.06. The firm has a market capitalization of $833.86 million, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. 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 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.