Stock Traders Purchase Large Volume of Call Options on Hawaiian (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) was the target of some unusual options trading activity on Thursday. Stock investors purchased 15,022 call options on the company. This is an increase of approximately 731% compared to the average volume of 1,807 call options.

Analysts Set New Price Targets

Separately, Susquehanna lowered their target price on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th.

Hedge Funds Weigh In On Hawaiian

A number of institutional investors have recently bought and sold shares of HA. Barclays PLC raised its stake in Hawaiian by 96.3% in the third quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock worth $812,000 after buying an additional 62,835 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Hawaiian by 1.9% in the third quarter. Brandywine Global Investment Management LLC now owns 233,364 shares of the transportation company’s stock worth $1,477,000 after buying an additional 4,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Hawaiian by 191.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 134,620 shares of the transportation company’s stock worth $852,000 after buying an additional 88,402 shares in the last quarter. Numerai GP LLC bought a new position in Hawaiian in the third quarter worth about $975,000. Finally, Mutual Advisors LLC purchased a new stake in Hawaiian in the third quarter worth about $642,000. 70.15% of the stock is owned by institutional investors.

Hawaiian Stock Performance

Hawaiian stock opened at $12.64 on Friday. 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 $655.37 million, a PE ratio of -2.18 and a beta of 2.38. The firm has a fifty day simple moving average of $13.12 and a two-hundred day simple moving average of $13.58. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89.

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

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.