Hawaiian (NASDAQ:HA) Trading Up 5%

Hawaiian Holdings, Inc. (NASDAQ:HA) shares traded up 5% on Monday . The company traded as high as $14.62 and last traded at $14.36. 1,431,099 shares were traded during trading, an increase of 55% from the average session volume of 923,722 shares. The stock had previously closed at $13.68.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen increased 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. Susquehanna lowered their price objective on Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Two 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 has an average rating of “Hold” and an average target price of $11.75.

Hawaiian Price Performance

The stock has a market cap of $728.48 million, a price-to-earnings ratio of -2.36 and a beta of 2.38. The stock has a fifty day simple moving average of $12.90 and a 200-day simple moving average of $13.32. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.03). The business had revenue of $731.91 million during the quarter, compared to analyst estimates 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 period last year, the business earned ($0.47) EPS. As a group, equities research analysts expect that Hawaiian Holdings, Inc. will post -6.83 EPS for the current year.

Institutional Trading of Hawaiian

Several institutional investors have recently modified their holdings of the company. Par Capital Management Inc. acquired a new stake in shares of Hawaiian during the 4th quarter worth approximately $21,584,000. Alpine Associates Management Inc. bought a new position in shares of Hawaiian during the 4th quarter worth approximately $14,964,000. Water Island Capital LLC bought a new position in shares of Hawaiian during the 4th quarter worth approximately $7,953,000. Rhumbline Advisers lifted its position in shares of Hawaiian by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 249,992 shares of the transportation company’s stock worth $3,107,000 after buying an additional 3,239 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Hawaiian by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 243,872 shares of the transportation company’s stock worth $3,030,000 after buying an additional 50,422 shares during the period. Institutional investors and hedge funds own 70.15% of the company’s stock.

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.