Hawaiian Sees Unusually High Options Volume (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) was the target of some unusual options trading on Wednesday. Stock investors acquired 14,462 call options on the company. This is an increase of 478% compared to the average volume of 2,504 call options.

Wall Street Analysts Forecast Growth

Separately, Susquehanna cut their price objective on Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th.

Institutional Trading of Hawaiian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Par Capital Management Inc. acquired a new stake in shares of Hawaiian during the 4th quarter worth approximately $21,584,000. Alpine Associates Management Inc. acquired a new stake in shares of Hawaiian during the 4th quarter worth approximately $14,964,000. Water Island Capital LLC acquired a new stake in shares of Hawaiian during the 4th quarter worth approximately $7,953,000. Hsbc Holdings PLC grew its holdings in shares of Hawaiian by 299.4% during the 4th quarter. Hsbc Holdings PLC now owns 195,979 shares of the transportation company’s stock worth $2,806,000 after purchasing an additional 146,911 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of Hawaiian during the 4th quarter worth approximately $1,920,000. Institutional investors and hedge funds own 70.15% of the company’s stock.

Hawaiian Trading Up 2.0 %

HA traded up $0.28 during midday trading on Wednesday, reaching $14.08. The company’s stock had a trading volume of 481,501 shares, compared to its average volume of 838,370. The company has a fifty day simple moving average of $13.06 and a 200 day simple moving average of $13.48. The company has a debt-to-equity ratio of 16.74, a quick ratio of 0.89 and a current ratio of 0.89. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). The business had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned ($2.17) EPS. As a group, analysts expect that Hawaiian will post -5.4 earnings per share for the current year.

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.