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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 4,697,629 shares, a growth of 30.5% from the February 26th total of 3,601,082 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average trading volume of 1,262,594 shares, the days-to-cover ratio is currently 3.7 days.

Insider Buying and Selling

In other news, SVP Stephen Andrew Coley sold 2,052 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the sale, the senior vice president owned 45,040 shares in the company, valued at approximately $679,653.60. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jude Bricker sold 5,062 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $17.55, for a total transaction of $88,838.10. Following the completion of the sale, the chief executive officer directly owned 167,982 shares of the company’s stock, valued at $2,948,084.10. The trade was a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,755 shares of company stock valued at $334,558 over the last three months. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. increased its holdings in Sun Country Airlines by 7.9% in the 4th quarter. Invesco Ltd. now owns 371,814 shares of the company’s stock worth $5,350,000 after buying an additional 27,248 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $207,000. EP Wealth Advisors LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter worth $173,000. SummitTX Capital L.P. lifted its position in Sun Country Airlines by 180.6% during the fourth quarter. SummitTX Capital L.P. now owns 875,650 shares of the company’s stock valued at $12,601,000 after purchasing an additional 563,631 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Sun Country Airlines in the fourth quarter valued at $377,000.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded down $0.75 during midday trading on Friday, hitting $16.29. The company had a trading volume of 435,970 shares, compared to its average volume of 1,001,412. The company has a fifty day simple moving average of $18.35 and a 200 day simple moving average of $15.01. The stock has a market cap of $866.95 million, a price-to-earnings ratio of 16.97, a PEG ratio of 0.37 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. Sun Country Airlines has a 12-month low of $8.10 and a 12-month high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The company had revenue of $280.96 million for the quarter, compared to the consensus estimate of $272.98 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Sun Country Airlines’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNCY has been the topic of several recent research reports. Wolfe Research cut Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Citigroup raised their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sun Country Airlines has an average rating of “Hold” and a consensus target price of $20.00.

About Sun Country Airlines

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.