Hawaiian (NASDAQ:HA) Sees Unusually-High Trading Volume

Hawaiian Holdings, Inc. (NASDAQ:HA) shares saw unusually-strong trading volume on Thursday . Approximately 983,040 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 1,254,479 shares.The stock last traded at $17.34 and had previously closed at $17.41.

Analyst Ratings Changes

Separately, TD Cowen raised their price objective on shares of Hawaiian from $13.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Hawaiian has an average rating of “Hold” and an average price target of $13.00.

Hawaiian Stock Down 0.2 %

The stock has a market cap of $898.02 million, a P/E ratio of -2.99 and a beta of 2.38. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The firm’s fifty day moving average is $13.96 and its 200 day moving average is $13.58.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.34) by ($0.03). Hawaiian had a negative return on equity of 1,220.98% and a negative net margin of 12.80%. The company had revenue of $731.91 million for the quarter, compared to the consensus estimate of $745.68 million. During the same quarter in the previous year, the firm posted ($0.47) EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Hawaiian Holdings, Inc. will post -6.83 EPS for the current year.

Institutional Trading of Hawaiian

Several institutional investors have recently made changes to their positions in HA. International Assets Investment Management LLC acquired a new stake in shares of Hawaiian during the 4th quarter valued at about $403,000. CWM LLC boosted its position in Hawaiian by 97.2% in the fourth quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after buying an additional 3,936 shares in the last quarter. New York State Common Retirement Fund boosted its position in Hawaiian by 51.4% in the fourth quarter. New York State Common Retirement Fund now owns 23,372 shares of the transportation company’s stock valued at $332,000 after buying an additional 7,931 shares in the last quarter. BCK Capital Management LP acquired a new position in Hawaiian in the fourth quarter valued at about $1,065,000. Finally, Alpine Associates Management Inc. acquired a new position in Hawaiian in the fourth quarter valued at about $14,964,000. 70.15% of the stock is currently owned by institutional investors and hedge funds.

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.