Hawaiian (NASDAQ:HA) Sees Strong Trading Volume

Hawaiian Holdings, Inc. (NASDAQ:HA) saw unusually-strong trading volume on Wednesday . Approximately 3,859,153 shares changed hands during trading, an increase of 345% from the previous session’s volume of 866,361 shares.The stock last traded at $11.96 and had previously closed at $13.03.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HA shares. Susquehanna lowered their target price on shares of 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 target price on shares of 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.75.

Hawaiian Stock Performance

The company has a market capitalization of $597.31 million, a PE ratio of -2.07 and a beta of 2.38. The business’s fifty day moving average is $13.22 and its two-hundred day moving average is $13.45. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74.

Hawaiian (NASDAQ:HA) last announced 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). Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. The firm had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. During the same quarter in the previous year, the firm earned ($2.17) earnings per share. Hawaiian’s revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that Hawaiian Holdings, Inc. will post -5.45 earnings per share for the current year.

Institutional Investors Weigh In On Hawaiian

Hedge funds have recently modified their holdings of the business. Byrne Asset Management LLC bought a new stake in shares of Hawaiian during the 1st quarter valued at $28,000. PenderFund Capital Management Ltd. bought a new stake in shares of Hawaiian during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. grew its position in shares of Hawaiian by 210.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 3,719 shares during the period. CVA Family Office LLC bought a new stake in shares of Hawaiian during the 4th quarter valued at $79,000. Finally, CWM LLC lifted its stake 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 buying an additional 3,936 shares in the last quarter. Institutional investors own 70.15% of the company’s stock.

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.