Hawaiian (NASDAQ:HA) Shares Down 6.9%

Hawaiian Holdings, Inc. (NASDAQ:HA)’s stock price was down 6.9% during mid-day trading on Tuesday . The stock 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 Upgrades and Downgrades

A number of research analysts have recently commented on HA shares. TD Cowen increased their price objective on Hawaiian from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.75.

Hawaiian Stock Up 3.3 %

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The firm has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $13.42. The company has a market capitalization of $617.02 million, a PE ratio of -2.06 and a beta of 2.38.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data 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). The firm had revenue of $645.57 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business earned ($2.17) earnings per share. Research analysts expect that Hawaiian Holdings, Inc. will post -5.45 EPS for the current year.

Hedge Funds Weigh In On Hawaiian

Several institutional investors and hedge funds have recently added to or reduced their stakes in HA. Byrne Asset Management LLC acquired a new position in shares of Hawaiian during the 1st quarter worth $28,000. PenderFund Capital Management Ltd. acquired a new position in Hawaiian during the fourth quarter worth about $37,000. PNC Financial Services Group Inc. increased its holdings 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 in the last quarter. CVA Family Office LLC purchased a new position in Hawaiian in the fourth quarter valued at about $79,000. Finally, CWM LLC lifted its position in shares of Hawaiian by 97.2% during the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 3,936 shares during the period. 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.