180,000 Shares in Hawaiian Holdings, Inc. (NASDAQ:HA) Acquired by Murchinson Ltd.

Murchinson Ltd. acquired a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 180,000 shares of the transportation company’s stock, valued at approximately $2,237,000. Hawaiian makes up 0.3% of Murchinson Ltd.’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of HA. PenderFund Capital Management Ltd. bought a new position in Hawaiian in the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. lifted its stake in Hawaiian by 210.4% in the 4th 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 in the last quarter. Wedbush Securities Inc. purchased a new stake in Hawaiian in the 2nd quarter worth approximately $146,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Hawaiian by 39.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 13,910 shares of the transportation company’s stock worth $173,000 after purchasing an additional 3,910 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Hawaiian by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,562 shares of the transportation company’s stock worth $256,000 after purchasing an additional 1,226 shares in the last quarter. 70.15% of the stock is owned by institutional investors.

Hawaiian Stock Performance

NASDAQ HA opened at $18.00 on Friday. Hawaiian Holdings, Inc. has a 1 year low of $3.70 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $933.28 million, a PE ratio of -3.11 and a beta of 2.40. The company’s 50 day simple moving average is $15.78 and its two-hundred day simple moving average is $14.08.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.03). The company had revenue of $731.91 million for the quarter, compared to analysts’ expectations of $745.68 million. Hawaiian had a negative net margin of 12.80% and a negative return on equity of 1,220.98%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.47) EPS. Analysts predict that Hawaiian Holdings, Inc. will post -7.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen increased their target price 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 analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hawaiian has a consensus rating of “Hold” and an average price target of $13.00.

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.