Keynote Financial Services LLC Purchases Shares of 19,757 Hawaiian Holdings, Inc. (NASDAQ:HA)

Keynote Financial Services LLC purchased a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,757 shares of the transportation company’s stock, valued at approximately $263,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Kennedy Capital Management LLC bought a new position in shares of Hawaiian during the 1st quarter worth approximately $1,432,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Hawaiian by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,730 shares of the transportation company’s stock worth $623,000 after acquiring an additional 2,186 shares during the period. Alpine Global Management LLC bought a new position in shares of Hawaiian during the 1st quarter worth approximately $961,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Hawaiian during the 1st quarter worth approximately $717,000. Finally, Gabelli Funds LLC bought a new position in shares of Hawaiian during the 1st quarter worth approximately $796,000. 70.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on HA shares. Susquehanna dropped their price target on Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. TD Cowen lifted 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. 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. Based on data from MarketBeat.com, Hawaiian has an average rating of “Hold” and a consensus target price of $11.75.

Hawaiian Stock Performance

Hawaiian stock traded up $0.06 during mid-day trading on Friday, reaching $12.01. The company’s stock had a trading volume of 1,306,188 shares, compared to its average volume of 1,455,517. The company has a market capitalization of $624.64 million, a P/E ratio of -2.07 and a beta of 2.38. The firm’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.36. Hawaiian Holdings, Inc. has a 12-month low of $3.70 and a 12-month high of $14.89. The company has a debt-to-equity ratio of 16.74, a quick ratio of 0.89 and a current ratio of 1.11.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.03). The business had revenue of $731.91 million during the quarter, compared to analysts’ expectations of $745.68 million. Hawaiian had a negative net margin of 12.80% and a negative return on equity of 1,220.98%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.47) EPS. Sell-side analysts predict that Hawaiian Holdings, Inc. will post -6.83 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.