Hawaiian (NASDAQ:HA) Shares Up 4.1%

Hawaiian Holdings, Inc. (NASDAQ:HA)’s share price shot up 4.1% during mid-day trading on Tuesday . The company traded as high as $13.54 and last traded at $13.54. 417,576 shares were traded during mid-day trading, a decline of 50% from the average session volume of 835,621 shares. The stock had previously closed at $13.01.

Analysts Set New Price Targets

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

Hawaiian Trading Down 1.1 %

The stock has a 50-day simple moving average of $13.12 and a two-hundred day simple moving average of $13.49. The company has a debt-to-equity ratio of 16.74, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $721.75 million, a PE ratio of -2.40 and a beta of 2.38.

Hawaiian (NASDAQ:HA) last issued its 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 301.69% and a negative net margin of 10.90%. The business had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. During the same period last year, the firm posted ($2.17) EPS. Hawaiian’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hawaiian Holdings, Inc. will post -5.4 EPS for the current year.

Institutional Investors Weigh In On Hawaiian

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

Hawaiian Company Profile

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.