Hawaiian (NASDAQ:HA) Sees Unusually-High Trading Volume

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) saw unusually-high trading volume on Thursday . Approximately 1,757,140 shares changed hands during trading, an increase of 75% from the previous session’s volume of 1,005,299 shares.The stock last traded at $13.00 and had previously closed at $13.25.

Hawaiian Price Performance

The stock’s fifty day moving average is $13.66 and its 200 day moving average is $10.92. 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 released its quarterly earnings data 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 business had revenue of $669.07 million during the quarter, compared to analysts’ expectations of $668.97 million. Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.49) EPS. Equities research analysts expect that Hawaiian Holdings, Inc. will post -3.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Hawaiian

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake 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 valued at $78,000 after purchasing an additional 3,719 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Hawaiian during the 4th quarter valued at $1,920,000. Price T Rowe Associates Inc. MD boosted its stake in Hawaiian by 37.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 44,544 shares of the transportation company’s stock valued at $633,000 after purchasing an additional 12,214 shares during the last quarter. Coastal Bridge Advisors LLC grew its stake in shares of Hawaiian by 155.2% in the fourth quarter. Coastal Bridge Advisors LLC now owns 39,085 shares of the transportation company’s stock worth $555,000 after acquiring an additional 23,770 shares during the period. Finally, Barclays PLC raised its holdings in shares of Hawaiian by 84.1% during the fourth quarter. Barclays PLC now owns 235,726 shares of the transportation company’s stock valued at $3,347,000 after purchasing an additional 107,665 shares during the last quarter. Hedge funds and other institutional investors 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.