Hawaiian (NASDAQ:HA) Shares Gap Up to $11.83

Hawaiian Holdings, Inc. (NASDAQ:HA) gapped up before the market opened on Tuesday . The stock had previously closed at $11.83, but opened at $12.25. Hawaiian shares last traded at $12.74, with a volume of 581,819 shares traded.

Wall Street Analyst Weigh In

HA has been the topic of several recent analyst reports. TD Cowen increased their target price on Hawaiian from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Susquehanna dropped their price target on Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.75.

Hawaiian Price Performance

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 market capitalization of $644.50 million, a price-to-earnings ratio of -2.20 and a beta of 2.38. The company has a 50 day simple moving average of $13.09 and a 200 day simple moving average of $13.40.

Institutional Investors Weigh In On Hawaiian

A number of large investors have recently modified their holdings of the stock. Par Capital Management Inc. acquired a new stake in shares of Hawaiian in the fourth quarter valued at about $21,584,000. Alpine Associates Management Inc. acquired a new stake in shares of Hawaiian in the fourth quarter valued at about $14,964,000. Water Island Capital LLC acquired a new stake in shares of Hawaiian in the fourth quarter valued at about $7,953,000. Bank of New York Mellon Corp grew its stake in shares of Hawaiian by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 221,706 shares of the transportation company’s stock valued at $2,756,000 after buying an additional 16,143 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Hawaiian by 299.4% in the fourth quarter. Hsbc Holdings PLC now owns 195,979 shares of the transportation company’s stock valued at $2,806,000 after buying an additional 146,911 shares in the last quarter. Institutional investors and hedge funds 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.