Murchinson Ltd. Purchases Shares of 90,000 Hawaiian Holdings, Inc. (NASDAQ:HA)

Murchinson Ltd. acquired a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 90,000 shares of the transportation company’s stock, valued at approximately $1,119,000. Murchinson Ltd. owned 0.17% of Hawaiian at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HA. PenderFund Capital Management Ltd. purchased a new stake in Hawaiian during the 4th quarter worth $37,000. PNC Financial Services Group Inc. boosted its position in shares of Hawaiian by 210.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after buying an additional 3,719 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Hawaiian in the second quarter valued at about $146,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Hawaiian by 39.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 13,910 shares of the transportation company’s stock valued at $173,000 after buying an additional 3,910 shares during the period. Finally, Olympiad Research LP purchased a new stake in shares of Hawaiian during the 4th quarter valued at about $254,000. 70.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Hawaiian Price Performance

Shares of Hawaiian stock opened at $18.00 on Tuesday. Hawaiian Holdings, Inc. has a 1-year low of $3.70 and a 1-year high of $18.00. 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 debt-to-equity ratio of 16.74, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50-day moving average of $15.44 and a 200-day moving average of $13.96.

Hawaiian (NASDAQ:HA) last posted 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). The business had revenue of $731.91 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.47) earnings per share. As a group, equities analysts forecast that Hawaiian Holdings, Inc. will post -7.62 EPS for the current fiscal 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.