Hawaiian Target of Unusually High Options Trading (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA - Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders acquired 20,277 put options on the stock. This represents an increase of approximately 832% compared to the typical volume of 2,175 put options.

Hedge Funds Weigh In On Hawaiian

A number of hedge funds have recently modified their holdings of HA. Victory Capital Management Inc. lifted its holdings in shares of Hawaiian by 10.9% during the third quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company's stock worth $514,000 after purchasing an additional 8,000 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of Hawaiian during the third quarter valued at approximately $215,000. Jump Financial LLC boosted its position in Hawaiian by 129.0% in the third quarter. Jump Financial LLC now owns 112,953 shares of the transportation company's stock worth $715,000 after purchasing an additional 63,620 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Hawaiian during the 3rd quarter valued at $83,000. Finally, Barclays PLC boosted its holdings in shares of Hawaiian by 96.3% in the 3rd quarter. Barclays PLC now owns 128,061 shares of the transportation company's stock worth $812,000 after buying an additional 62,835 shares during the last quarter. Institutional investors and hedge funds own 70.15% of the company's stock.

Hawaiian Price Performance

Shares of NASDAQ HA traded down $0.23 during trading hours on Monday, hitting $12.28. 654,830 shares of the stock were exchanged, compared to its average volume of 974,936. 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 company has a market cap of $636.72 million, a PE ratio of -2.13 and a beta of 2.37. The company's fifty day simple moving average is $13.33 and its two-hundred day simple moving average is $11.60. Hawaiian has a 1-year low of $3.70 and a 1-year high of $14.89.

Hawaiian (NASDAQ:HA - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share for the quarter, missing analysts' consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. During the same quarter in the prior year, the business earned ($2.17) EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Hawaiian will post -5.02 EPS for the current year.

Analysts Set New Price Targets

Separately, Susquehanna dropped their target price on shares of Hawaiian from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Wednesday, April 24th.

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.