Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Short Interest Update

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,410,000 shares, an increase of 19.5% from the January 31st total of 3,690,000 shares. Currently, 9.4% of the shares of the stock are short sold. Based on an average trading volume of 805,700 shares, the short-interest ratio is currently 5.5 days.

Sun Country Airlines Trading Up 0.6 %

Shares of SNCY stock opened at $15.53 on Thursday. The stock has a 50-day moving average of $16.25 and a 200-day moving average of $13.89. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $825.54 million, a price-to-earnings ratio of 16.35, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now directly owns 12,999 shares of the company’s stock, valued at $202,914.39. This trade represents a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David M. Davis sold 2,760 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $15.93, for a total transaction of $43,966.80. Following the completion of the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $513,901.80. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,279 shares of company stock valued at $4,031,056. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its position in shares of Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock worth $45,467,000 after buying an additional 791,669 shares during the period. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines in the fourth quarter worth $30,841,000. T. Rowe Price Investment Management Inc. increased its stake in Sun Country Airlines by 24.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company’s stock valued at $27,887,000 after purchasing an additional 374,221 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sun Country Airlines by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company’s stock valued at $23,906,000 after purchasing an additional 264,976 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Sun Country Airlines by 3.3% during the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SNCY shares. Barclays boosted 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 note on Thursday, November 14th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, Susquehanna boosted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $19.29.

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.