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

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

Hawaiian Stock Down 0.5 %

Hawaiian stock opened at $12.90 on Wednesday. Hawaiian has a fifty-two week low of $3.70 and a fifty-two week high of $14.89. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $668.87 million, a P/E ratio of -2.55 and a beta of 2.39. The stock has a 50-day simple moving average of $13.58 and a 200-day simple moving average of $11.17.

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

Institutional Trading of Hawaiian

Several institutional investors and hedge funds have recently added to or reduced their stakes in HA. Wetzel Investment Advisors Inc. increased its position in Hawaiian by 31.6% during the 1st quarter. Wetzel Investment Advisors Inc. now owns 12,500 shares of the transportation company’s stock worth $162,000 after purchasing an additional 3,000 shares during the period. Byrne Asset Management LLC acquired a new position in Hawaiian during the 1st quarter worth approximately $28,000. PNC Financial Services Group Inc. increased its position in Hawaiian by 210.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after purchasing an additional 3,719 shares during the period. Readystate Asset Management LP acquired a new position in Hawaiian during the 4th quarter worth approximately $1,920,000. Finally, Par Capital Management Inc. acquired a new position in Hawaiian during the 4th quarter worth approximately $21,584,000. 70.15% of the stock is owned by hedge funds and other institutional investors.

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.