Sun Country Airlines (NASDAQ:SNCY) Sets New 52-Week High – Time to Buy?

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.78 and last traded at $18.37, with a volume of 730957 shares. The stock had previously closed at $18.04.

Analysts Set New Price Targets

SNCY has been the subject of a number of research reports. TD Cowen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Tuesday. Zacks Research downgraded shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Citigroup increased their price objective on shares of Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen downgraded Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.25.

Sun Country Airlines Price Performance

The business has a fifty day moving average price of $15.45 and a 200 day moving average price of $13.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73. The company has a market capitalization of $964.79 million, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 0.39 and a beta of 1.57.

Insider Activity

In other news, SVP Erin Rose Neale sold 2,257 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the completion of the transaction, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Stephen Andrew Coley sold 2,052 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total transaction of $30,964.68. Following the sale, the senior vice president directly owned 45,040 shares of the company’s stock, valued at approximately $679,653.60. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,626 shares of company stock worth $329,766 over the last three months. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds have recently modified their holdings of the stock. Frontier Capital Management Co. LLC increased its stake in shares of Sun Country Airlines by 53.3% in the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after acquiring an additional 1,228,721 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sun Country Airlines by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock valued at $56,898,000 after buying an additional 589,323 shares during the last quarter. Apollo Management Holdings L.P. bought a new stake in shares of Sun Country Airlines in the 2nd quarter valued at approximately $6,821,000. Arrowstreet Capital Limited Partnership increased its holdings in Sun Country Airlines by 91.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock worth $14,301,000 after buying an additional 580,062 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Sun Country Airlines by 276.5% during the second quarter. AQR Capital Management LLC now owns 672,101 shares of the company’s stock valued at $7,897,000 after acquiring an additional 493,581 shares in 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.