Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Sees Significant Increase in Short Interest

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) was the recipient of a significant growth in short interest in 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 days-to-cover ratio is currently 5.5 days. Approximately 9.4% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SNCY shares. Susquehanna raised their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Barclays lifted their price target 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. 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 target on the stock. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.29.

Sun Country Airlines Price Performance

SNCY traded down $1.27 on Monday, hitting $13.42. 1,013,769 shares of the company's stock traded hands, compared to its average volume of 698,862. The firm has a market cap of $713.38 million, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.42 and a beta of 1.46. Sun Country Airlines has a one year low of $9.22 and a one year 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's 50 day simple moving average is $16.24 and its 200-day simple moving average is $14.00.

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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 analysts' consensus estimates of $0.21 by $0.06. The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. As a group, research analysts anticipate that Sun Country Airlines will post 1.92 EPS for the current year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 40,000 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the transaction, the vice president now owns 12,999 shares of the company's stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the transaction, the senior vice president now directly owns 30,142 shares of the company's stock, valued at approximately $448,512.96. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 242,279 shares of company stock worth $4,031,056 over the last quarter. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of Sun Country Airlines by 76.9% during the 3rd 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 in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines in the fourth quarter valued at about $60,000. BNP Paribas Financial Markets purchased a new stake in Sun Country Airlines during the 4th quarter worth approximately $74,000. US Bancorp DE lifted its position in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company's stock worth $94,000 after acquiring an additional 8,186 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in Sun Country Airlines in the 4th quarter worth approximately $102,000.

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.