2,100 Shares in Hawaiian Holdings, Inc. (NASDAQ:HA) Purchased by Byrne Asset Management LLC

Byrne Asset Management LLC acquired a new position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,100 shares of the transportation company’s stock, valued at approximately $28,000.

A number of other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Hawaiian by 210.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after buying an additional 3,719 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of Hawaiian during the fourth quarter worth about $1,920,000. Par Capital Management Inc. bought a new position in shares of Hawaiian during the fourth quarter worth about $21,584,000. PenderFund Capital Management Ltd. bought a new position in shares of Hawaiian during the fourth quarter worth about $37,000. Finally, Water Island Capital LLC bought a new position in Hawaiian in the fourth quarter valued at approximately $7,953,000. 70.15% of the stock is currently owned by institutional investors.

Hawaiian Stock Up 2.3 %

HA stock traded up $0.29 during mid-day trading on Tuesday, reaching $12.70. The company had a trading volume of 716,437 shares, compared to its average volume of 991,415. The company has a debt-to-equity ratio of 16.74, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50 day simple moving average of $13.44 and a two-hundred day simple moving average of $11.37. The company has a market capitalization of $658.50 million, a price-to-earnings ratio of -2.17 and a beta of 2.39. Hawaiian Holdings, Inc. has a 52 week low of $3.70 and a 52 week high of $14.89.

Hawaiian (NASDAQ:HA) last posted its quarterly 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). 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 firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.17) earnings per share. As a group, equities analysts predict that Hawaiian Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Susquehanna decreased 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 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.