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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,890,000 shares, a growth of 33.6% from the February 13th total of 4,410,000 shares. Currently, 12.6% of the shares of the stock are short sold. Based on an average trading volume of 825,700 shares, the days-to-cover ratio is currently 7.1 days.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Susquehanna lifted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $19.29.

Sun Country Airlines Stock Down 1.8 %

SNCY traded down $0.23 during trading on Thursday, reaching $12.91. 372,482 shares of the stock traded hands, compared to its average volume of 697,808. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $18.59. The stock's 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $14.11. The stock has a market cap of $686.27 million, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46.

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Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced 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 business had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. As a group, equities research analysts expect that Sun Country Airlines will post 1.92 EPS for the current year.

Insider Buying and Selling

In other news, SVP Grant Whitney sold 3,912 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $15.88, for a total value of $62,122.56. Following the transaction, the senior vice president now directly owns 16,455 shares of the company's stock, valued at $261,305.40. This trade represents a 19.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John Gyurci sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total transaction of $102,780.00. Following the sale, the vice president now owns 11,618 shares in the company, valued at $199,016.34. This represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 200,541 shares of company stock worth $3,380,795 in the last three months. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SNCY. Farther Finance Advisors LLC boosted its holdings in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Sun Country Airlines during the 4th quarter worth about $60,000. BNP Paribas Financial Markets acquired a new position in shares of Sun Country Airlines during the 4th quarter valued at about $74,000. Aquatic Capital Management LLC acquired a new position in shares of Sun Country Airlines during the 4th quarter valued at about $102,000. Finally, Quarry LP raised its stake in shares of Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after acquiring an additional 6,159 shares in the last quarter.

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.