Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Short Interest Up 22.9% in July

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 3,600,000 shares, a growth of 22.9% from the June 30th total of 2,930,000 shares. Based on an average daily volume of 627,300 shares, the days-to-cover ratio is currently 5.7 days. Approximately 8.9% of the company’s stock are sold short.

Sun Country Airlines Stock Performance

Sun Country Airlines stock traded down $0.35 during midday trading on Monday, hitting $12.44. 336,154 shares of the company’s stock were exchanged, compared to its average volume of 618,076. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $21.69. 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 stock has a market cap of $654.47 million, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.56. The firm’s 50 day simple moving average is $11.45 and its 200 day simple moving average is $13.13.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The business had revenue of $311.50 million for 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. Equities research analysts predict that Sun Country Airlines will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TD Cowen increased their target price on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Sun Country Airlines in a research report on Thursday, June 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Insider Activity

In other news, CEO Jude Bricker sold 2,086 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the sale, the chief executive officer now directly owns 122,905 shares in the company, valued at approximately $1,551,061.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at approximately $281,471.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jude Bricker sold 2,086 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total transaction of $26,325.32. Following the completion of the transaction, the chief executive officer now directly owns 122,905 shares in the company, valued at $1,551,061.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,964 shares of company stock worth $189,075. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in SNCY. Vanguard Group Inc. boosted its holdings in shares of Sun Country Airlines by 3.7% in the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after acquiring an additional 150,735 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $307,000. Illinois Municipal Retirement Fund lifted its stake in shares of Sun Country Airlines by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after purchasing an additional 776 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Sun Country Airlines by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,460 shares of the company’s stock valued at $4,994,000 after purchasing an additional 8,062 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $431,000.

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.