2,100 Shares in Hawaiian Holdings, Inc. (NASDAQ:HA) Purchased by Byrne Asset Management LLC

Byrne Asset Management LLC bought a new position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,100 shares of the transportation company’s stock, valued at approximately $28,000.

A number of other hedge funds have also recently bought and sold shares of HA. PenderFund Capital Management Ltd. acquired a new position in shares of Hawaiian in the 4th quarter valued at $37,000. PNC Financial Services Group Inc. boosted its position in shares of Hawaiian by 210.4% in 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 period. CWM LLC boosted its position in shares of Hawaiian by 97.2% in the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 3,936 shares during the period. First Hawaiian Bank boosted its position in shares of Hawaiian by 28.6% in the 4th quarter. First Hawaiian Bank now owns 18,000 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 4,000 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Hawaiian by 1.9% in the 3rd 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 period. 70.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Susquehanna decreased their price objective on Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th.

Hawaiian Stock Performance

Shares of HA stock traded up $0.29 during trading on Tuesday, reaching $12.70. The company had a trading volume of 716,437 shares, compared to its average volume of 991,415. The firm’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $11.37. The company has a debt-to-equity ratio of 16.74, a current ratio of 0.89 and a quick ratio of 0.89. Hawaiian Holdings, Inc. has a one year low of $3.70 and a one year high of $14.89. The company has a market capitalization of $658.50 million, a PE ratio of -2.17 and a beta of 2.39.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company had revenue of $645.57 million during the quarter, compared to the consensus estimate of $629.24 million. During the same period in the previous year, the business posted ($2.17) earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Hawaiian Holdings, Inc. will post -4.4 earnings per share for the current 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.