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

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

Insider Buying and Selling

In other news, SVP Grant Whitney sold 5,888 shares of Sun Country Airlines stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $281,471.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the transaction, the chief executive officer now owns 124,991 shares in the company, valued at approximately $1,793,620.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Grant Whitney sold 5,888 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the transaction, 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 10,961 shares of company stock worth $135,828 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Sun Country Airlines by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after acquiring an additional 75,252 shares in the last quarter. Par Capital Management Inc. increased its position in Sun Country Airlines by 95.7% during the 4th quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after purchasing an additional 1,352,800 shares during the period. Ghisallo Capital Management LLC acquired a new stake in Sun Country Airlines during the 4th quarter valued at approximately $7,078,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sun Country Airlines by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 317,460 shares of the company’s stock worth $4,994,000 after buying an additional 8,062 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Sun Country Airlines by 32.2% during the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock worth $3,810,000 after buying an additional 61,558 shares in the last quarter.

Analysts Set New Price Targets

SNCY has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Morgan Stanley raised shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.17.

Sun Country Airlines Price Performance

SNCY traded down $0.54 during midday trading on Friday, hitting $9.86. The company had a trading volume of 1,646,892 shares, compared to its average volume of 594,525. The company has a market capitalization of $518.73 million, a PE ratio of 8.08, a P/E/G ratio of 0.49 and a beta of 1.52. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $23.80. The firm’s 50-day simple moving average is $12.17 and its 200-day simple moving average is $13.92.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data 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). Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict that Sun Country Airlines will post 1.18 EPS for the current fiscal year.

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.