Hawaiian (NASDAQ:HA) Price Target Cut to $14.00

Hawaiian (NASDAQ:HA) had its price target reduced by research analysts at Susquehanna from $15.00 to $14.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 15.51% from the stock’s previous close.

Hawaiian Stock Performance

Shares of NASDAQ:HA opened at $12.12 on Wednesday. Hawaiian has a twelve month low of $3.70 and a twelve month high of $14.89. The firm has a market cap of $628.42 million, a PE ratio of -2.09 and a beta of 2.39. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 1.02. The business has a fifty day moving average of $13.54 and a 200-day moving average of $11.18.

Hawaiian (NASDAQ:HA) last announced its earnings results 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 207.99%. The business had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. During the same quarter last year, the business posted ($2.17) earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Hawaiian will post -3.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Hawaiian

Several hedge funds have recently added to or reduced their stakes in HA. Oak Thistle LLC bought a new position in Hawaiian in the third quarter valued at about $66,000. Victory Capital Management Inc. boosted its holdings in Hawaiian by 10.9% during the third quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company’s stock worth $514,000 after buying an additional 8,000 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Hawaiian during the third quarter worth about $215,000. Jump Financial LLC boosted its holdings in Hawaiian by 129.0% during the third quarter. Jump Financial LLC now owns 112,953 shares of the transportation company’s stock worth $715,000 after buying an additional 63,620 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Hawaiian during the third quarter worth about $83,000. Institutional investors own 70.15% of the company’s stock.

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.