Hawaiian Target of Unusually Large Options Trading (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) was the recipient of unusually large options trading on Monday. Stock traders acquired 20,277 put options on the stock. This represents an increase of 832% compared to the typical volume of 2,175 put options.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hawaiian

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in shares of Hawaiian by 10.9% in the third quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 8,000 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new position in Hawaiian during the 3rd quarter valued at $215,000. Jump Financial LLC increased its stake in Hawaiian by 129.0% in the 3rd quarter. Jump Financial LLC now owns 112,953 shares of the transportation company’s stock worth $715,000 after buying an additional 63,620 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Hawaiian during the third quarter worth approximately $83,000. Finally, Barclays PLC lifted its holdings in shares of Hawaiian by 96.3% in the 3rd quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock worth $812,000 after buying an additional 62,835 shares during the period. Hedge funds and other institutional investors own 70.15% of the company’s stock.

Hawaiian Stock Performance

Hawaiian stock traded down $0.20 during mid-day trading on Monday, reaching $12.31. The company’s stock had a trading volume of 459,373 shares, compared to its average volume of 972,565. 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 12-month low of $3.70 and a 12-month high of $14.89. The company has a market capitalization of $638.27 million, a P/E ratio of -2.14 and a beta of 2.37. The firm’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $11.60.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data 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 firm had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. Hawaiian’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.17) earnings per share. Sell-side analysts predict that Hawaiian will post -5.02 EPS for the current fiscal year.

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.