Hawaiian Holdings, Inc. (NASDAQ:HA) Short Interest Down 26.3% in October
Hawaiian Holdings, Inc. (NASDAQ:HA) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 3,340,000 shares, a decrease of 26.3% from the September 30th total of 4,530,000 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 680,900 shares, the days-to-cover ratio is presently 4.9 days.
NASDAQ HA traded up $0.34 during trading hours on Friday, reaching $30.63. The company had a trading volume of 411,000 shares, compared to its average volume of 682,623. The stock has a market capitalization of $1.40 billion, a P/E ratio of 5.63 and a beta of 1.71. Hawaiian has a 1-year low of $22.84 and a 1-year high of $40.30. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $28.11 and a 200 day moving average of $26.77.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.36. The company had revenue of $755.15 million for the quarter, compared to analyst estimates of $755.85 million. Hawaiian had a net margin of 7.30% and a return on equity of 22.23%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 earnings per share. As a group, sell-side analysts predict that Hawaiian will post 4.57 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hawaiian from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, October 11th. BidaskClub raised shares of Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Hawaiian from $21.00 to $23.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Deutsche Bank upped their target price on shares of Hawaiian from $26.00 to $28.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, Bank of America upped their target price on shares of Hawaiian from $23.00 to $25.00 and gave the company an “underperform” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.70.
In related news, Director William S. Swelbar sold 1,203 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $25.30, for a total value of $30,435.90. Following the completion of the sale, the director now owns 19,563 shares of the company’s stock, valued at $494,943.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its position in shares of Hawaiian by 7.7% during the first quarter. FMR LLC now owns 97,486 shares of the transportation company’s stock worth $2,559,000 after acquiring an additional 6,976 shares during the last quarter. First Trust Advisors LP grew its position in shares of Hawaiian by 22.5% during the first quarter. First Trust Advisors LP now owns 82,567 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 15,162 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Hawaiian during the first quarter worth approximately $81,000. Roman Butler Fullerton & Co. grew its position in shares of Hawaiian by 37.8% during the second quarter. Roman Butler Fullerton & Co. now owns 11,799 shares of the transportation company’s stock worth $324,000 after acquiring an additional 3,238 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Hawaiian by 5.8% during the second quarter. Strs Ohio now owns 32,900 shares of the transportation company’s stock worth $902,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 91.20% 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. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.
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