Wedbush Securities Inc. Invests $146,000 in Hawaiian Holdings, Inc. (NASDAQ:HA)

Wedbush Securities Inc. acquired a new position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,750 shares of the transportation company’s stock, valued at approximately $146,000.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Hawaiian in the fourth quarter valued at $403,000. Vanguard Personalized Indexing Management LLC purchased a new position in Hawaiian in the fourth quarter valued at $298,000. Corient Private Wealth LLC purchased a new position in Hawaiian in the fourth quarter valued at $569,000. Quest Partners LLC purchased a new position in Hawaiian in the fourth quarter valued at $518,000. Finally, Hsbc Holdings PLC increased its holdings in Hawaiian by 299.4% in the fourth quarter. Hsbc Holdings PLC now owns 195,979 shares of the transportation company’s stock valued at $2,806,000 after buying an additional 146,911 shares during the last quarter. Hedge funds and other institutional investors own 70.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen increased their target price on Hawaiian from $13.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.00.

Hawaiian Stock Performance

NASDAQ HA opened at $17.30 on Monday. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.11 and a quick ratio of 1.11. Hawaiian Holdings, Inc. has a 1 year low of $3.70 and a 1 year high of $17.75. The company has a market capitalization of $899.77 million, a PE ratio of -2.99 and a beta of 2.40. The company has a fifty day moving average of $14.93 and a two-hundred day moving average of $13.80.

Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.34) by ($0.03). Hawaiian had a negative net margin of 12.80% and a negative return on equity of 1,220.98%. The company had revenue of $731.91 million during the quarter, compared to analyst estimates of $745.68 million. During the same quarter in the prior year, the company earned ($0.47) EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Hawaiian Holdings, Inc. will post -7.62 earnings per share for the current year.

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.