Hawaiian (NASDAQ:HA) Shares Down 6.9%

Hawaiian Holdings, Inc. (NASDAQ:HA)’s share price was down 6.9% during mid-day trading on Tuesday . The company traded as low as $12.36 and last traded at $12.99. Approximately 1,093,812 shares were traded during trading, an increase of 30% from the average daily volume of 842,793 shares. The stock had previously closed at $13.95.

Analyst Ratings Changes

Several research firms have commented on HA. Susquehanna decreased their target price on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. TD Cowen raised their target price on Hawaiian from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.75.

Hawaiian Stock Down 6.6 %

The company has a debt-to-equity ratio of 16.74, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $675.61 million, a P/E ratio of -2.25 and a beta of 2.38. The firm’s fifty day moving average price is $13.23 and its 200-day moving average price is $13.45.

Hawaiian (NASDAQ:HA) last released 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 firm had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. During the same quarter last year, the company earned ($2.17) earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Hawaiian Holdings, Inc. will post -5.45 earnings per share for the current year.

Institutional Investors Weigh In On Hawaiian

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC bought a new position in shares of Hawaiian in the first quarter valued at $28,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Hawaiian during the fourth quarter worth $37,000. PNC Financial Services Group Inc. lifted its holdings in shares of Hawaiian by 210.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 3,719 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Hawaiian in the 4th quarter valued at $79,000. Finally, CWM LLC increased its stake in Hawaiian by 97.2% in the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock worth $113,000 after purchasing an additional 3,936 shares in the last quarter. 70.15% of the stock is currently owned by institutional investors.

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.