Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Short Interest Down 14.6% in March

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,030,000 shares, a decrease of 14.6% from the March 15th total of 5,890,000 shares. Currently, 10.8% of the company's stock are short sold. Based on an average daily volume of 912,000 shares, the days-to-cover ratio is presently 5.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 objective for the company. Barclays dropped their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna cut their price objective on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.71.

Sun Country Airlines Stock Performance

Shares of SNCY stock traded down $0.03 during trading hours on Friday, hitting $9.41. 332,705 shares of the company were exchanged, compared to its average volume of 791,956. Sun Country Airlines has a 52-week low of $8.10 and a 52-week 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 firm has a fifty day simple moving average of $12.80 and a 200 day simple moving average of $14.07. The stock has a market capitalization of $499.95 million, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.42 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (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 return on equity of 10.23% and a net margin of 4.92%. The business's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. Research analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 27,482 shares of Sun Country Airlines stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.09, for a total transaction of $469,667.38. Following the transaction, the vice president now directly owns 11,618 shares of the company's stock, valued at $198,551.62. The trade was a 70.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jude Bricker sold 2,172 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,897 shares of company stock valued at $1,556,499 over the last ninety days. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System increased its stake in shares of Sun Country Airlines by 17.2% in the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock worth $205,000 after purchasing an additional 2,443 shares in the last quarter. SG Americas Securities LLC bought a new position in Sun Country Airlines in the 1st quarter worth approximately $498,000. GAMMA Investing LLC grew its stake in Sun Country Airlines by 1,390.3% in the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock valued at $122,000 after buying an additional 9,218 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Sun Country Airlines during the 4th quarter valued at $2,679,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth $487,000.

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.