Hawaiian Sees Unusually High Options Volume (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) saw some unusual options trading activity on Monday. Stock investors purchased 20,277 put options on the stock. This is an increase of approximately 832% compared to the typical daily volume of 2,175 put options.

Wall Street Analyst Weigh In

Separately, Susquehanna reduced their price objective on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th.

Hawaiian Stock Performance

Shares of HA stock opened at $12.28 on Tuesday. The company has a debt-to-equity ratio of 16.74, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $636.72 million, a P/E ratio of -2.12 and a beta of 2.37. The company’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $11.65. Hawaiian has a 52 week low of $3.70 and a 52 week high of $14.89.

Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) EPS for the quarter, missing the consensus estimate of ($2.75) by ($0.02). Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. The company had revenue of $645.57 million for 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% on a year-over-year basis. On average, analysts expect that Hawaiian will post -5.02 earnings per share for the current fiscal year.

Institutional Trading of Hawaiian

Hedge funds and other institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC acquired a new stake in shares of Hawaiian in the first quarter valued at approximately $28,000. PenderFund Capital Management Ltd. bought a new position in shares of Hawaiian in the fourth quarter valued at $37,000. PNC Financial Services Group Inc. grew its stake 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 valued at $78,000 after buying an additional 3,719 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Hawaiian in the fourth quarter valued at $79,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Hawaiian in the third quarter valued at $83,000. 70.15% of the stock is currently owned by institutional investors and hedge funds.

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.