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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) saw a large growth in short interest during the month of 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 short-interest ratio is currently 5.5 days. Currently, 9.4% of the shares of the company are short sold.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $14.88 on Friday. The stock has a market cap of $790.99 million, a P/E ratio of 15.66, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $16.24 and a two-hundred day moving average of $13.90.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $258.04 million. During the same period in the previous year, the firm 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 predict that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNCY. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Susquehanna raised their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays raised their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price for the company. Two investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.29.

Insiders Place Their Bets

In other Sun Country Airlines news, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the transaction, the vice president now directly owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. This trade represents a 75.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David M. Davis sold 2,760 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.93, for a total transaction of $43,966.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at $513,901.80. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,279 shares of company stock valued at $4,031,056. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sun Country Airlines by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company’s stock valued at $328,000 after purchasing an additional 796 shares during the period. Farther Finance Advisors LLC grew its stake in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares during the period. New York State Teachers Retirement System grew its stake in Sun Country Airlines by 11.9% during the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock worth $207,000 after buying an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Sun Country Airlines by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company’s stock worth $5,191,000 after buying an additional 1,932 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Sun Country Airlines by 13.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company’s stock worth $350,000 after buying an additional 2,792 shares during the period.

About Sun Country Airlines

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.