Short Interest in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Expands By 19.5%

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

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the completion of the sale, the vice president now directly owns 11,618 shares of the company’s stock, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David M. Davis sold 2,760 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at $513,901.80. This 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 worth $4,031,056. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

Hedge funds 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% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $60,000. BNP Paribas Financial Markets purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at $74,000. Aquatic Capital Management LLC purchased a new stake in Sun Country Airlines during the fourth quarter valued at about $102,000. Finally, Quarry LP grew its stake in shares of Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after buying an additional 6,159 shares during the last quarter.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY opened at $15.53 on Thursday. The firm has a market capitalization of $825.54 million, a P/E ratio of 16.35, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $16.25 and its two-hundred day simple moving average is $13.89. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities analysts anticipate that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.