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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,700,000 shares, a drop of 18.9% from the October 15th total of 4,560,000 shares. Approximately 8.1% of the shares of the stock are sold short. Based on an average trading volume of 766,900 shares, the short-interest ratio is currently 4.8 days.

Sun Country Airlines Trading Down 3.5 %

SNCY stock traded down $0.54 during mid-day trading on Friday, reaching $14.89. The company’s stock had a trading volume of 706,803 shares, compared to its average volume of 669,744. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average price is $12.21 and its 200 day moving average price is $11.59. The company has a market cap of $788.28 million, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. On average, equities research analysts predict that Sun Country Airlines will post 0.98 EPS for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Gyurci sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares of the company’s stock, valued at $162,799.10. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,720 shares of company stock worth $694,763 in the last 90 days. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in Sun Country Airlines in the first quarter valued at approximately $66,000. Algert Global LLC grew its position in Sun Country Airlines by 207.3% in the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after purchasing an additional 243,028 shares during the period. Vanguard Group Inc. raised its holdings 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 buying an additional 75,252 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Sun Country Airlines in the second quarter valued at $1,890,000. Finally, Dana Investment Advisors Inc. grew its holdings in shares of Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after buying an additional 431,515 shares during the last quarter.

Analyst Ratings Changes

SNCY has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research report on Friday. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th. Susquehanna boosted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays increased their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

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.