Hawaiian (NASDAQ:HA) Trading 5.9% Higher

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) shot up 5.9% on Wednesday . The company traded as high as $13.26 and last traded at $13.24. 361,906 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 962,666 shares. The stock had previously closed at $12.50.

Analyst Upgrades and Downgrades

Separately, 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.

Hawaiian Stock Performance

The company has a market capitalization of $675.07 million, a PE ratio of -2.26 and a beta of 2.37. The company has a debt-to-equity ratio of 16.74, a quick ratio of 0.89 and a current ratio of 0.89. The business’s 50-day moving average is $13.23 and its 200-day moving average is $11.73.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). The company had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted ($2.17) earnings per share. On average, research analysts anticipate that Hawaiian Holdings, Inc. will post -5.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Hawaiian by 42.9% in the 1st quarter. SG Americas Securities LLC now owns 20,283 shares of the transportation company’s stock worth $270,000 after buying an additional 6,093 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Hawaiian by 81.5% during the 1st quarter. BNP Paribas Financial Markets now owns 25,049 shares of the transportation company’s stock valued at $334,000 after acquiring an additional 11,247 shares during the last quarter. Wetzel Investment Advisors Inc. grew its stake in shares of Hawaiian by 31.6% in the first quarter. Wetzel Investment Advisors Inc. now owns 12,500 shares of the transportation company’s stock worth $162,000 after acquiring an additional 3,000 shares during the period. Byrne Asset Management LLC bought a new position in Hawaiian during the first quarter valued at approximately $28,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Hawaiian by 210.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after purchasing an additional 3,719 shares during 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.