Short Interest in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Drops By 16.7%

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,912,247 shares, a decrease of 16.7% from the March 15th total of 4,697,629 shares. Based on an average daily volume of 637,435 shares, the short-interest ratio is presently 6.1 days. Currently, 7.6% of the company’s stock are sold short.

Sun Country Airlines Stock Down 3.3%

Shares of NASDAQ SNCY traded down $0.59 during trading hours on Thursday, hitting $17.18. 1,377,667 shares of the stock were exchanged, compared to its average volume of 1,287,918. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The company has a market cap of $930.98 million, a PE ratio of 17.90, a PEG ratio of 0.63 and a beta of 1.59. The firm has a fifty day moving average price of $18.16 and a 200-day moving average price of $15.39. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. Sun Country Airlines’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. On average, sell-side analysts expect that Sun Country Airlines will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

SNCY has been the subject of several research reports. TD Cowen reaffirmed a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Zacks Research cut shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday. Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Finally, Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research note on Friday, January 9th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SNCY. EverSource Wealth Advisors LLC increased its stake in Sun Country Airlines by 1,728.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after purchasing an additional 2,040 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Sun Country Airlines during the 2nd quarter valued at approximately $59,000. Tower Research Capital LLC TRC increased its stake in Sun Country Airlines by 183.8% during 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. Acadian Asset Management LLC acquired a new position in Sun Country Airlines during the 1st quarter valued at approximately $88,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Sun Country Airlines by 33.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,014 shares of the company’s stock valued at $142,000 after purchasing an additional 3,000 shares in the last quarter.

About Sun Country Airlines

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.