Raymond James & Associates Acquires New Holdings in Hawaiian Holdings, Inc. (NASDAQ:HA)

Raymond James & Associates acquired a new stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,580 shares of the transportation company’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC grew its holdings in Hawaiian by 1.9% during the third quarter. Brandywine Global Investment Management LLC now owns 233,364 shares of the transportation company’s stock valued at $1,477,000 after purchasing an additional 4,400 shares during the last quarter. Numerai GP LLC acquired a new position in Hawaiian during the third quarter valued at approximately $975,000. Schonfeld Strategic Advisors LLC grew its holdings in Hawaiian by 35.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 144,700 shares of the transportation company’s stock valued at $916,000 after purchasing an additional 37,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Hawaiian by 191.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 134,620 shares of the transportation company’s stock valued at $852,000 after purchasing an additional 88,402 shares during the last quarter. Finally, Barclays PLC grew its holdings in Hawaiian by 96.3% during the third quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock valued at $812,000 after purchasing an additional 62,835 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.

Hawaiian Trading Up 1.2 %

Shares of Hawaiian stock opened at $12.27 on Monday. The company’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $11.32. The company has a market cap of $636.20 million, a price-to-earnings ratio of -2.12 and a beta of 2.39. The company has a current ratio of 0.89, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. Hawaiian Holdings, Inc. has a 1 year low of $3.70 and a 1 year high of $14.89.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data 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 analyst estimates of $629.24 million. Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.17) EPS. As a group, sell-side analysts expect that Hawaiian Holdings, Inc. will post -4.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Susquehanna lowered their price target on Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th.

Hawaiian 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.