Hawaiian (NASDAQ:HA) Stock Price Up 5.9%

Hawaiian Holdings, Inc. (NASDAQ:HA) was up 5.9% on Wednesday . The company traded as high as $13.26 and last traded at $13.24. Approximately 361,906 shares changed hands during trading, a decline of 62% from the average daily volume of 962,666 shares. The stock had previously closed at $12.50.

Analysts Set New Price Targets

Separately, Susquehanna reduced their price target on Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th.

Hawaiian Stock Up 5.7 %

The stock’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $11.71. The stock has a market cap of $684.94 million, a P/E ratio of -2.27 and a beta of 2.37. The company has a debt-to-equity ratio of 16.74, a quick ratio of 0.89 and a current ratio of 0.89.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.75) by ($0.02). The company had revenue of $645.57 million during the quarter, compared to the consensus estimate of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted ($2.17) earnings per share. As a group, research analysts forecast that Hawaiian Holdings, Inc. will post -5.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hawaiian

Several institutional investors and hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in shares of Hawaiian in the 1st quarter valued at $28,000. PenderFund Capital Management Ltd. bought a new stake in shares of Hawaiian during the 4th quarter worth $37,000. PNC Financial Services Group Inc. grew its position 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. CVA Family Office LLC bought a new position in Hawaiian in the fourth quarter valued at about $79,000. Finally, Fox Run Management L.L.C. acquired a new position in Hawaiian during the third quarter worth about $83,000. Institutional investors own 70.15% of the company’s stock.

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.