Hawaiian (NASDAQ:HA) PT Lowered to $14.00

Hawaiian (NASDAQ:HA) had its price objective decreased by Susquehanna from $15.00 to $14.00 in a report issued on Wednesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Hawaiian Trading Down 3.7 %

HA stock opened at $12.42 on Wednesday. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $11.17.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative return on equity of 207.99% and a negative net margin of 10.90%. The company had revenue of $645.57 million for the quarter, compared to analyst estimates of $629.24 million. During the same period in the previous year, the business posted ($2.17) EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Hawaiian will post -3.77 EPS for the current year.

Hedge Funds Weigh In On Hawaiian

Hedge funds have recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new position in Hawaiian in the first quarter worth $28,000. PenderFund Capital Management Ltd. bought a new stake in Hawaiian in the fourth quarter valued at $37,000. PNC Financial Services Group Inc. lifted its stake in Hawaiian by 210.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock valued at $78,000 after buying an additional 3,719 shares during the last quarter. CVA Family Office LLC bought a new stake in Hawaiian in the fourth quarter valued at $79,000. Finally, CWM LLC lifted its stake in Hawaiian by 97.2% in the fourth quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after buying an additional 3,936 shares during the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.