Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Short Interest Down 16.9% in January

by · The Markets Daily

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYGet Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 4,291,524 shares, a decline of 16.9% from the December 31st total of 5,166,068 shares. Based on an average daily volume of 2,515,303 shares, the short-interest ratio is currently 1.7 days. Currently, 8.5% of the shares of the company are short sold. Currently, 8.5% of the shares of the company are short sold. Based on an average daily volume of 2,515,303 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SNCY. Cantor Fitzgerald set a $21.00 price target on shares of Sun Country Airlines in a report on Monday, November 3rd. Wall Street Zen cut shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. TD Cowen restated a “buy” rating on shares of Sun Country Airlines in a research report on Monday, November 3rd. Citigroup raised their target price on shares of Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Finally, Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price target for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.63.

Check Out Our Latest Analysis on SNCY

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $17.54 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76. Sun Country Airlines has a 12-month low of $8.10 and a 12-month high of $18.59. The stock has a 50 day simple moving average of $15.35 and a 200-day simple moving average of $13.23. The company has a market cap of $924.71 million, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 0.39 and a beta of 1.58.

Insider Activity at Sun Country Airlines

In related news, SVP Erin Rose Neale sold 2,257 shares of Sun Country Airlines stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the transaction, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Andrew Coley sold 2,052 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the transaction, the senior vice president directly owned 45,040 shares in the company, valued at $679,653.60. This represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,626 shares of company stock worth $329,766. 4.60% of the stock is owned by company insiders.

Institutional Trading of Sun Country Airlines

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Sun Country Airlines by 1,728.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after acquiring an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Sun Country Airlines by 1,556.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after acquiring an additional 4,219 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Sun Country Airlines in the 2nd quarter worth approximately $59,000. Ameritas Investment Partners Inc. raised its position in Sun Country Airlines by 40.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after acquiring an additional 1,504 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Sun Country Airlines by 183.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after purchasing an additional 3,415 shares during the period.

About Sun Country Airlines

(Get Free Report)

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.

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