Hawaiian (NASDAQ:HA) Price Target Lowered to $14.00 at Susquehanna

Hawaiian (NASDAQ:HA) had its price target reduced by Susquehanna from $15.00 to $14.00 in a research note released on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Hawaiian Stock Performance

Shares of Hawaiian stock opened at $12.42 on Wednesday. Hawaiian has a 52-week low of $3.70 and a 52-week high of $14.89. The company has a 50 day moving average of $13.58 and a 200 day moving average of $11.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74.

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 analysts’ consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative return on equity of 207.99% and a negative net margin of 10.90%. The firm had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. During the same quarter in the prior year, the firm earned ($2.17) EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that Hawaiian will post -3.77 EPS for the current fiscal year.

Institutional Trading of Hawaiian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HA. Byrne Asset Management LLC acquired a new position in shares of Hawaiian in the 1st quarter valued at $28,000. PenderFund Capital Management Ltd. acquired a new position in shares of Hawaiian in the 4th quarter valued at $37,000. Wetzel Investment Advisors Inc. increased its holdings in shares of Hawaiian by 31.6% in the 1st quarter. Wetzel Investment Advisors Inc. now owns 12,500 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 3,000 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Hawaiian by 210.4% in the 4th 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 period. Finally, CWM LLC increased its holdings in shares of Hawaiian by 97.2% in the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 3,936 shares during the period. Institutional investors and hedge funds 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.