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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,430,000 shares, an increase of 21.5% from the May 15th total of 2,000,000 shares. Based on an average trading volume of 596,800 shares, the short-interest ratio is presently 4.1 days. Approximately 6.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SNCY shares. Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research note on Monday, February 26th. TD Cowen reduced their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.17.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the sale, the chief executive officer now owns 124,991 shares in the company, valued at approximately $1,793,620.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the sale, the chief executive officer now owns 124,991 shares in the company, valued at approximately $1,793,620.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Grant Whitney sold 5,888 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total value of $62,883.84. Following the sale, the senior vice president now owns 26,355 shares in the company, valued at approximately $281,471.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,961 shares of company stock worth $135,828 in the last quarter. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in Sun Country Airlines by 13.7% in the 3rd quarter. Barclays PLC now owns 16,627 shares of the company’s stock valued at $247,000 after purchasing an additional 2,003 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC increased its holdings in Sun Country Airlines by 70.3% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 35,289 shares of the company’s stock valued at $524,000 after purchasing an additional 14,568 shares in the last quarter. Amalgamated Bank increased its holdings in Sun Country Airlines by 9.2% in the 3rd quarter. Amalgamated Bank now owns 17,153 shares of the company’s stock valued at $255,000 after purchasing an additional 1,447 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Sun Country Airlines by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 309,398 shares of the company’s stock valued at $4,591,000 after purchasing an additional 33,847 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in Sun Country Airlines by 6.4% in the 3rd quarter. Texas Permanent School Fund Corp now owns 33,951 shares of the company’s stock valued at $504,000 after purchasing an additional 2,032 shares in the last quarter.

Sun Country Airlines Trading Down 5.2 %

Shares of SNCY traded down $0.54 during trading hours on Friday, hitting $9.86. The stock had a trading volume of 1,646,892 shares, compared to its average volume of 594,525. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61. The firm has a market cap of $518.73 million, a P/E ratio of 8.08, a P/E/G ratio of 0.49 and a beta of 1.52. The company’s fifty day simple moving average is $12.17 and its 200 day simple moving average is $13.92. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $23.80.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $316.23 million. Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. Equities research analysts forecast that Sun Country Airlines will post 1.18 EPS for the current fiscal year.

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.