Rhumbline Advisers Purchases 3,239 Shares of Hawaiian Holdings, Inc. (NASDAQ:HA)

Rhumbline Advisers increased its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,992 shares of the transportation company’s stock after purchasing an additional 3,239 shares during the quarter. Rhumbline Advisers owned 0.48% of Hawaiian worth $3,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Par Capital Management Inc. acquired a new position in Hawaiian during the fourth quarter worth about $21,584,000. Water Island Capital LLC acquired a new position in Hawaiian during the fourth quarter worth about $7,953,000. Bank of New York Mellon Corp raised its stake in Hawaiian by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 221,706 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 16,143 shares in the last quarter. Hsbc Holdings PLC raised its stake in Hawaiian by 299.4% during the fourth quarter. Hsbc Holdings PLC now owns 195,979 shares of the transportation company’s stock worth $2,806,000 after acquiring an additional 146,911 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in Hawaiian during the first quarter worth about $1,432,000. Institutional investors own 70.15% of the company’s stock.

Hawaiian Stock Performance

NASDAQ:HA opened at $18.00 on Wednesday. The company has a market capitalization of $933.28 million, a PE ratio of -3.11 and a beta of 2.40. The company has a 50 day simple moving average of $15.02 and a two-hundred day simple moving average of $13.82. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.11 and a current ratio of 1.11. Hawaiian Holdings, Inc. has a fifty-two week low of $3.70 and a fifty-two week high of $18.00.

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

Analyst Upgrades and Downgrades

Separately, TD Cowen boosted their target price on Hawaiian from $13.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.00.

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.