Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Sees Significant Growth in Short Interest

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,890,000 shares, a growth of 33.6% from the February 13th total of 4,410,000 shares. Based on an average daily trading volume, of 825,700 shares, the days-to-cover ratio is presently 7.1 days. Approximately 12.6% of the shares of the stock are sold short.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total value of $102,780.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Grant Whitney sold 2,127 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.98, for a total value of $33,989.46. Following the transaction, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

A number of institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after purchasing an additional 8,186 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Sun Country Airlines in the third quarter valued at about $387,000. Empowered Funds LLC raised its position in Sun Country Airlines by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 213,445 shares of the company’s stock worth $2,393,000 after buying an additional 10,854 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Sun Country Airlines during the third quarter worth $250,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. Susquehanna increased their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Trading Up 0.1 %

SNCY stock traded up $0.01 during trading on Monday, hitting $13.13. The company had a trading volume of 57,598 shares, compared to its average volume of 699,288. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $14.10. The firm has a market capitalization of $697.86 million, a P/E ratio of 13.82, a PEG 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.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping 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 analyst estimates of $258.04 million. During the same period last year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

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.