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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,700,000 shares, a decline of 18.9% from the October 15th total of 4,560,000 shares. Currently, 8.1% of the company’s shares are sold short. Based on an average daily volume of 766,900 shares, the days-to-cover ratio is currently 4.8 days.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNCY. The Goldman Sachs Group reaffirmed 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 Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Susquehanna upped their target price on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Barclays upped their target price on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

Sun Country Airlines Stock Performance

Shares of SNCY stock traded down $0.54 on Friday, hitting $14.89. 706,614 shares of the stock traded hands, compared to its average volume of 669,744. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company has a market capitalization of $788.28 million, a PE ratio of 19.05, a PEG ratio of 0.70 and a beta of 1.48. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $17.56. The company’s fifty day moving average is $12.14 and its 200 day moving average is $11.58.

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

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the transaction, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. This represents a 31.33 % 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, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value 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 approximately $162,799.10. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Sun Country Airlines by 76.9% in the third 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 during the period. CWM LLC increased its position in Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC acquired a new stake in Sun Country Airlines in the second quarter worth $40,000. DekaBank Deutsche Girozentrale acquired a new stake in Sun Country Airlines in the first quarter worth $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Sun Country Airlines in the second quarter worth $80,000.

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.