Kennedy Capital Management LLC Makes New $1.43 Million Investment in Hawaiian Holdings, Inc. (NASDAQ:HA)

Kennedy Capital Management LLC bought a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 107,454 shares of the transportation company’s stock, valued at approximately $1,432,000. Kennedy Capital Management LLC owned approximately 0.21% of Hawaiian at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Hawaiian by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 46,730 shares of the transportation company’s stock valued at $623,000 after purchasing an additional 2,186 shares during the period. Alpine Global Management LLC bought a new stake in shares of Hawaiian in the first quarter worth $961,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Hawaiian during the 1st quarter valued at $717,000. Gabelli Funds LLC bought a new stake in shares of Hawaiian in the 1st quarter worth about $796,000. Finally, SG Americas Securities LLC raised its stake in shares of Hawaiian by 42.9% in the 1st quarter. SG Americas Securities LLC now owns 20,283 shares of the transportation company’s stock valued at $270,000 after purchasing an additional 6,093 shares in the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Susquehanna dropped their price objective on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. TD Cowen boosted their price target on Hawaiian from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.

Hawaiian Price Performance

NASDAQ HA opened at $12.79 on Thursday. Hawaiian Holdings, Inc. has a 1 year low of $3.70 and a 1 year high of $14.89. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 16.74. The company has a fifty day simple moving average of $13.08 and a 200 day simple moving average of $13.39.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.34) by ($0.03). Hawaiian had a negative return on equity of 502.84% and a negative net margin of 12.80%. The company had revenue of $731.91 million during the quarter, compared to analyst estimates of $745.68 million. During the same quarter in the prior year, the business earned ($0.47) earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts expect that Hawaiian Holdings, Inc. will post -5.45 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.