Hawaiian (NASDAQ:HA) Price Target Lowered to $14.00 at Susquehanna

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

Hawaiian Price Performance

Hawaiian stock opened at $12.12 on Wednesday. Hawaiian has a 12 month low of $3.70 and a 12 month high of $14.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. The company has a market capitalization of $628.42 million, a PE ratio of -2.09 and a beta of 2.39. The stock has a 50-day moving average price of $13.54 and a two-hundred day moving average price of $11.18.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative return on equity of 207.99% and a negative net margin of 10.90%. The company had revenue of $645.57 million for the quarter, compared to the consensus estimate of $629.24 million. During the same quarter last year, the business earned ($2.17) earnings per share. Hawaiian’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Hawaiian will post -3.77 EPS for the current year.

Hedge Funds Weigh In On Hawaiian

A number of hedge funds have recently made changes to their positions in HA. Byrne Asset Management LLC acquired a new stake in Hawaiian during the first quarter worth approximately $28,000. PenderFund Capital Management Ltd. acquired a new stake in Hawaiian during the fourth quarter worth approximately $37,000. Oak Thistle LLC acquired a new stake in Hawaiian during the third quarter worth approximately $66,000. PNC Financial Services Group Inc. grew its stake in Hawaiian by 210.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after purchasing an additional 3,719 shares during the period. Finally, CVA Family Office LLC acquired a new stake in Hawaiian during the fourth quarter worth approximately $79,000. 70.15% of the stock is currently owned by institutional investors.

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.