ExodusPoint Capital Management LP Boosts Holdings in Hawaiian Holdings, Inc. (NASDAQ:HA)

ExodusPoint Capital Management LP grew its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 21.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,822 shares of the transportation company’s stock after acquiring an additional 11,357 shares during the quarter. ExodusPoint Capital Management LP owned 0.13% of Hawaiian worth $594,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HA. GMT Capital Corp purchased a new stake in shares of Hawaiian during the first quarter valued at approximately $4,406,000. Wealth Effects LLC bought a new position in shares of Hawaiian during the first quarter valued at about $114,000. MQS Management LLC raised its stake in shares of Hawaiian by 97.0% during the fourth quarter. MQS Management LLC now owns 29,370 shares of the transportation company’s stock valued at $301,000 after acquiring an additional 14,461 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Hawaiian during the first quarter valued at about $92,000. Finally, First Hawaiian Bank bought a new position in shares of Hawaiian during the first quarter valued at about $110,000. 92.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hawaiian

In related news, VP Aaron J. Alter sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $10.90, for a total value of $32,700.00. Following the transaction, the vice president now directly owns 117,698 shares of the company’s stock, valued at approximately $1,282,908.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.35% of the stock is currently owned by insiders.

Hawaiian Stock Performance

Shares of Hawaiian stock opened at $7.58 on Thursday. Hawaiian Holdings, Inc. has a 12 month low of $7.34 and a 12 month high of $16.32. The firm has a market capitalization of $391.36 million, a P/E ratio of -2.29 and a beta of 2.03. The business has a fifty day simple moving average of $10.29 and a two-hundred day simple moving average of $9.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 7.23.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.08. Hawaiian had a negative net margin of 6.09% and a negative return on equity of 59.17%. The company had revenue of $706.93 million during the quarter, compared to analysts’ expectations of $698.81 million. During the same period last year, the company posted ($0.90) EPS. Hawaiian’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Hawaiian Holdings, Inc. will post -3.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HA shares. StockNews.com started coverage on Hawaiian in a research note on Thursday, August 17th. They set a “sell” rating on the stock. The Goldman Sachs Group reduced their target price on Hawaiian from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Thursday, August 17th.

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, 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.