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

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the target of a large decline in short interest during 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 presently 1.7 days. Approximately 8.5% of the company’s stock are short sold. Approximately 8.5% of the company’s stock are short sold. Based on an average daily volume of 2,515,303 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

SNCY has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Wall Street Zen downgraded Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. Wolfe Research downgraded Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Finally, Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.63.

Sun Country Airlines Stock Down 2.4%

SNCY opened at $17.54 on Monday. The firm’s 50 day simple moving average is $15.35 and its two-hundred day simple moving average is $13.23. The company has a market capitalization of $924.71 million, a PE ratio of 16.70, a PEG ratio of 0.39 and a beta of 1.58. Sun Country Airlines has a 1-year low of $8.10 and a 1-year high of $18.59. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76.

Insider Transactions at Sun Country Airlines

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

Hedge Funds Weigh In On Sun Country Airlines

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

Sun Country Airlines Company Profile

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.