Hawaiian (NASDAQ:HA) Share Price Crosses Below 50-Day Moving Average of $15.58

Hawaiian Holdings, Inc. (NASDAQ:HAGet Rating) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $15.58 and traded as low as $14.85. Hawaiian shares last traded at $15.10, with a volume of 504,646 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HA shares. Melius started coverage on Hawaiian in a report on Monday, August 15th. They issued a “hold” rating on the stock. StockNews.com cut Hawaiian from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Susquehanna cut their target price on Hawaiian from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft cut their target price on Hawaiian from $23.00 to $17.00 in a research report on Wednesday, July 27th. Finally, Susquehanna Bancshares cut their target price on Hawaiian from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.20.

Hawaiian Trading Down 2.6 %

The business has a 50-day simple moving average of $15.55 and a 200-day simple moving average of $16.36. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.48. The company has a market cap of $720.43 million, a PE ratio of -3.02 and a beta of 1.88.

Hawaiian (NASDAQ:HAGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The transportation company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.04). Hawaiian had a negative return on equity of 59.24% and a negative net margin of 10.93%. The company had revenue of $691.87 million for the quarter, compared to analysts’ expectations of $665.08 million. On average, analysts predict that Hawaiian Holdings, Inc. will post -4.17 EPS for the current fiscal year.

Institutional Trading of Hawaiian

A number of large investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in shares of Hawaiian during the 2nd quarter worth about $325,000. ExodusPoint Capital Management LP purchased a new stake in Hawaiian during the second quarter worth approximately $2,219,000. Thrivent Financial for Lutherans lifted its stake in Hawaiian by 21.0% during the second quarter. Thrivent Financial for Lutherans now owns 50,427 shares of the transportation company’s stock worth $722,000 after purchasing an additional 8,736 shares during the last quarter. Creative Planning purchased a new stake in Hawaiian during the second quarter worth approximately $456,000. Finally, Occudo Quantitative Strategies LP lifted its stake in Hawaiian by 69.5% during the second quarter. Occudo Quantitative Strategies LP now owns 60,157 shares of the transportation company’s stock worth $861,000 after purchasing an additional 24,669 shares during the last quarter. Hedge funds and other institutional investors own 91.34% of the company’s stock.

About Hawaiian

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Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; and New York City, New York.

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