Hawaiian (NASDAQ:HA) Sees Large Volume Increase

Hawaiian Holdings, Inc. (NASDAQ:HA) saw unusually-high trading volume on Thursday . Approximately 1,757,140 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 1,005,299 shares.The stock last traded at $13.00 and had previously closed at $13.25.

Hawaiian Price Performance

The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day moving average price is $13.62 and its 200-day moving average price is $10.99.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.35) by ($0.02). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The company had revenue of $669.07 million for the quarter, compared to analyst estimates of $668.97 million. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. On average, analysts forecast that Hawaiian Holdings, Inc. will post -3.77 earnings per share for the current year.

Institutional Trading of Hawaiian

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. acquired a new stake in Hawaiian during the first quarter worth about $252,000. Swiss National Bank grew its position in Hawaiian by 7.1% in the 1st quarter. Swiss National Bank now owns 30,309 shares of the transportation company’s stock worth $597,000 after purchasing an additional 2,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in Hawaiian by 10.3% in the 1st quarter. JPMorgan Chase & Co. now owns 253,057 shares of the transportation company’s stock worth $4,986,000 after purchasing an additional 23,566 shares during the last quarter. Citigroup Inc. increased its stake in shares of Hawaiian by 10.1% during the first quarter. Citigroup Inc. now owns 43,724 shares of the transportation company’s stock valued at $862,000 after acquiring an additional 3,993 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Hawaiian by 52.8% during the first quarter. PNC Financial Services Group Inc. now owns 7,726 shares of the transportation company’s stock valued at $153,000 after acquiring an additional 2,671 shares during the period. 70.15% of the stock is owned by hedge funds and other institutional investors.

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.