Readystate Asset Management LP Acquires Shares of 135,237 Hawaiian Holdings, Inc. (NASDAQ:HA)

Readystate Asset Management LP acquired a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 135,237 shares of the transportation company’s stock, valued at approximately $1,920,000. Readystate Asset Management LP owned approximately 0.26% of Hawaiian at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Par Capital Management Inc. bought a new position in shares of Hawaiian in the 4th quarter valued at about $21,584,000. Alpine Associates Management Inc. bought a new position in shares of Hawaiian in the 4th quarter valued at about $14,964,000. Third Avenue Management LLC boosted its stake in shares of Hawaiian by 141.0% in the 1st quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company’s stock valued at $14,254,000 after purchasing an additional 910,431 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Hawaiian by 933.7% in the 2nd quarter. Millennium Management LLC now owns 663,758 shares of the transportation company’s stock valued at $9,498,000 after purchasing an additional 743,371 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Hawaiian by 8.0% in the 1st quarter. BlackRock Inc. now owns 9,356,013 shares of the transportation company’s stock valued at $85,701,000 after purchasing an additional 692,526 shares during the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.

Hawaiian Price Performance

Hawaiian stock remained flat at $13.25 during midday trading on Wednesday. 516,868 shares of the company traded hands, compared to its average volume of 998,243. The firm has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $10.92. Hawaiian Holdings, Inc. has a twelve month low of $3.70 and a twelve month high of $14.89. The stock has a market capitalization of $687.01 million, a PE ratio of -2.62 and a beta of 2.39. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.02 and a quick ratio of 1.02.

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). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The firm had revenue of $669.07 million for the quarter, compared to the consensus estimate of $668.97 million. During the same period in the previous year, the business earned ($0.49) EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Hawaiian Holdings, Inc. will post -3.79 EPS for the current fiscal year.

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.