Hawaiian (NASDAQ:HA) Shares Gap Up to $14.92

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) gapped up prior to trading on Thursday . The stock had previously closed at $14.92, but opened at $15.72. Hawaiian shares last traded at $15.68, with a volume of 632,162 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on HA. Susquehanna reduced their price target on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. TD Cowen lifted their price target on shares of Hawaiian from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.75.

Hawaiian Price Performance

The firm’s 50-day moving average is $12.96 and its 200-day moving average is $13.32. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.11 and a quick ratio of 0.89. The company has a market capitalization of $821.29 million, a P/E ratio of -2.76 and a beta of 2.38.

Hawaiian (NASDAQ:HA) last announced its 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). The business had revenue of $731.91 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.47) earnings per share. Analysts predict that Hawaiian Holdings, Inc. will post -6.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Hawaiian

A number of hedge funds have recently modified their holdings of HA. Raymond James & Associates bought a new position in shares of Hawaiian in the fourth quarter worth approximately $349,000. International Assets Investment Management LLC purchased a new position in shares of Hawaiian in the fourth quarter worth $403,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Hawaiian in the fourth quarter worth $135,000. CWM LLC lifted its holdings in shares of Hawaiian by 97.2% in the fourth quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock worth $113,000 after buying an additional 3,936 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Hawaiian by 51.4% in the fourth quarter. New York State Common Retirement Fund now owns 23,372 shares of the transportation company’s stock worth $332,000 after buying an additional 7,931 shares in the last quarter. 70.15% of the stock is currently owned by 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.