Short Interest in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Decreases By 16.9%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 4,291,524 shares, a decrease of 16.9% from the December 31st total of 5,166,068 shares. Based on an average trading volume of 2,515,303 shares, the days-to-cover ratio is presently 1.7 days. Approximately 8.5% of the company’s stock are short sold. Approximately 8.5% of the company’s stock are short sold. Based on an average trading volume of 2,515,303 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SNCY shares. Wolfe Research cut Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Wall Street Zen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research lowered shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Cantor Fitzgerald set a $21.00 target price on shares of Sun Country Airlines in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.25.

Insider Activity

In other Sun Country Airlines news, SVP Erin Rose Neale sold 2,257 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the transaction, the senior vice president owned 38,931 shares of the company’s stock, valued at $682,460.43. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the transaction, the senior vice president owned 45,040 shares in the company, valued at $679,653.60. The trade was a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,378 shares of company stock worth $343,249 over the last quarter. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after purchasing an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Sun Country Airlines by 1,556.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after purchasing an additional 4,219 shares during the period. Canada Pension Plan Investment Board purchased a new position in Sun Country Airlines during the 2nd quarter valued at about $59,000. Ameritas Investment Partners Inc. increased its position in shares of Sun Country Airlines by 40.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after buying an additional 1,504 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after buying an additional 3,415 shares in the last quarter.

Sun Country Airlines Price Performance

SNCY opened at $18.19 on Wednesday. The company has a market capitalization of $958.98 million, a price-to-earnings ratio of 17.32, a PEG ratio of 0.40 and a beta of 1.58. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $15.55 and a 200-day moving average price of $13.31. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $18.78.

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.