Hawaiian (NASDAQ:HA) Given New $14.00 Price Target at Susquehanna

Hawaiian (NASDAQ:HA) had its target price cut by investment analysts at Susquehanna from $15.00 to $14.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 8.53% from the stock’s current price.

Hawaiian Stock Performance

NASDAQ HA opened at $12.90 on Wednesday. The stock has a market cap of $668.87 million, a P/E ratio of -2.55 and a beta of 2.39. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74. The company’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $11.17.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($2.37) EPS for the quarter, missing analysts’ consensus estimates of ($2.35) by ($0.02). The firm had revenue of $669.07 million during the quarter, compared to analyst estimates of $668.97 million. Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. Hawaiian’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.49) earnings per share. As a group, research analysts forecast that Hawaiian will post -3.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hawaiian

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HA. Byrne Asset Management LLC bought a new stake in shares of Hawaiian during the first quarter valued at approximately $28,000. PenderFund Capital Management Ltd. bought a new stake in shares of Hawaiian during the fourth quarter valued at approximately $37,000. Oak Thistle LLC bought a new position in Hawaiian in the third quarter valued at approximately $66,000. PNC Financial Services Group Inc. boosted 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 acquiring an additional 3,719 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in Hawaiian in the fourth quarter valued at approximately $79,000. 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.