Hawaiian (NASDAQ:HA) Shares Up 5.9%

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA - Get Free Report) traded up 5.9% during mid-day trading on Wednesday . The stock traded as high as $13.26 and last traded at $13.24. 361,906 shares changed hands during trading, a decline of 62% from the average session volume of 962,666 shares. The stock had previously closed at $12.50.

Analyst Ratings Changes

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

Hawaiian Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The stock has a market capitalization of $681.31 million, a price-to-earnings ratio of -2.27 and a beta of 2.37. The firm's fifty day moving average price is $13.25 and its 200 day moving average price is $11.72.

Hawaiian (NASDAQ:HA - Get Free Report) last released its 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 firm had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.17) earnings per share. Analysts forecast that Hawaiian Holdings, Inc. will post -5.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new position in shares of Hawaiian during the 1st quarter worth about $28,000. PenderFund Capital Management Ltd. acquired a new position in Hawaiian in the fourth quarter valued at approximately $37,000. PNC Financial Services Group Inc. increased its stake in Hawaiian by 210.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company's stock valued at $78,000 after purchasing an additional 3,719 shares during the last quarter. CVA Family Office LLC acquired a new stake in Hawaiian during the fourth quarter worth approximately $79,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hawaiian in the 3rd quarter valued at $83,000. Hedge funds and other institutional investors own 70.15% of the company's stock.

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.