Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Short Interest Up 33.6% in February

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the recipient of a significant increase in short interest during 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. Approximately 12.6% of the company’s shares are sold short. Based on an average daily trading volume, of 825,700 shares, the days-to-cover ratio is currently 7.1 days.

Wall Street Analysts Forecast Growth

SNCY has been the topic of several analyst reports. Susquehanna increased their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Price Performance

SNCY traded down $0.29 during trading on Tuesday, reaching $13.24. The company’s stock had a trading volume of 247,373 shares, compared to its average volume of 699,445. The firm has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $14.12. The company has a market cap of $703.81 million, a price-to-earnings ratio of 13.93, 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 has a 1 year low of $9.22 and a 1 year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. As a group, analysts anticipate that Sun Country Airlines will post 1.92 EPS for the current year.

Insider Activity

In other news, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at approximately $550,033. This represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Gyurci sold 6,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the transaction, the vice president now directly owns 11,618 shares in the company, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is currently owned by insiders.

Institutional Trading of Sun Country Airlines

Several institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in Sun Country Airlines in the fourth quarter valued at approximately $30,841,000. Ameriprise Financial Inc. raised its position in Sun Country Airlines by 34.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after purchasing an additional 791,669 shares during the period. Driehaus Capital Management LLC purchased a new stake in Sun Country Airlines in the fourth quarter valued at approximately $8,868,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth $6,898,000. Finally, Zimmer Partners LP purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth $6,261,000.

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.