AlphaCrest Capital Management LLC Buys Shares of 18,770 Hawaiian Holdings, Inc. (NASDAQ:HA)

AlphaCrest Capital Management LLC purchased a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,770 shares of the transportation company’s stock, valued at approximately $457,000.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Hawaiian during the second quarter valued at approximately $31,000. Quantbot Technologies LP bought a new stake in shares of Hawaiian during the 1st quarter valued at $63,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Hawaiian during the 1st quarter valued at $81,000. Captrust Financial Advisors increased its stake in shares of Hawaiian by 3,456.8% in the 1st quarter. Captrust Financial Advisors now owns 3,379 shares of the transportation company’s stock worth $90,000 after purchasing an additional 3,284 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Hawaiian by 13.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,471 shares of the transportation company’s stock worth $173,000 after purchasing an additional 757 shares during the period. Institutional investors own 78.21% of the company’s stock.

Shares of Hawaiian stock opened at $20.91 on Thursday. The stock’s 50-day simple moving average is $20.49 and its 200-day simple moving average is $23.14. Hawaiian Holdings, Inc. has a 52 week low of $12.51 and a 52 week high of $31.38. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.00 and a beta of 2.36. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.28.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 27th. The transportation company reported ($1.44) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.79) by $0.35. Hawaiian had a negative return on equity of 96.06% and a negative net margin of 39.88%. The business had revenue of $410.80 million for the quarter, compared to the consensus estimate of $389.32 million. During the same period in the previous year, the business earned ($3.81) earnings per share. The business’s revenue was up 584.7% on a year-over-year basis. On average, equities analysts expect that Hawaiian Holdings, Inc. will post -6.45 earnings per share for the current year.

Several research analysts have recently commented on the company. TheStreet downgraded Hawaiian from a “c-” rating to a “d+” rating in a research note on Tuesday, August 3rd. Wolfe Research cut shares of Hawaiian from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Hawaiian from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research report on Wednesday, July 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.13.

In other news, VP Aaron J. Alter sold 2,500 shares of the business’s stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $19.86, for a total value of $49,650.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

About Hawaiian

Hawaiian Holdings, Inc is a holding company, which engages in the provision of air transportation services. It offers cargo handling and passenger flights between the Hawaiian Islands and its neighbor island routes through its subsidiary, Hawaiian Airlines, Inc The company was founded on January 30, 1929 and is headquartered in Honolulu, HI.

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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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