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 28th, there was short interest totalling 5,890,000 shares, an increase 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 short-interest ratio is currently 7.1 days. Currently, 12.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research analysts have issued reports on SNCY shares. Susquehanna increased their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. started coverage on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Insider Buying and Selling at Sun Country Airlines

In other news, CFO David M. Davis sold 59,389 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $550,033. The trade was a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Erin Rose Neale sold 1,738 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the completion of the transaction, the senior vice president now directly owns 30,142 shares in the company, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,279 shares of company stock valued at $3,406,656 in the last three months. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNCY. State Street Corp raised its position in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after purchasing an additional 51,224 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Sun Country Airlines in the fourth quarter worth about $190,000. FMR LLC increased its stake in shares of Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after purchasing an additional 114,687 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after purchasing an additional 224,774 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after purchasing an additional 196,094 shares in the last quarter.

Sun Country Airlines Stock Up 2.4 %

Shares of SNCY stock traded up $0.31 during mid-day trading on Friday, hitting $13.12. 979,350 shares of the stock traded hands, compared to its average volume of 701,804. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The stock has a market cap of $697.43 million, a P/E ratio of 13.81, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The stock’s fifty day moving average is $16.09 and its two-hundred day moving average is $14.07.

Sun Country Airlines (NASDAQ:SNCY) last posted its 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 company had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Sun Country Airlines’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts predict that Sun Country Airlines will post 1.92 EPS for the current 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.