Hawaiian Holdings, Inc. (NASDAQ:HA – Get Free Report) 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.
Read Our Latest Stock Analysis on Hawaiian
Hedge Funds Weigh In On Hawaiian
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 – Get Free Report) 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.
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