Keynote Financial Services LLC Invests $263,000 in Hawaiian Holdings, Inc. (NASDAQ:HA)

Keynote Financial Services LLC purchased a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) in the first quarter, HoldingsChannel reports. The firm purchased 19,757 shares of the transportation company’s stock, valued at approximately $263,000.

Other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in shares of Hawaiian in the 1st quarter valued at approximately $28,000. PenderFund Capital Management Ltd. acquired a new position in Hawaiian in the 4th quarter valued at approximately $37,000. PNC Financial Services Group Inc. increased its stake in Hawaiian by 210.4% in the 4th 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 during the period. CWM LLC increased its stake in Hawaiian by 97.2% in the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after buying an additional 3,936 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in Hawaiian in the 4th quarter valued at approximately $135,000. 70.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HA has been the topic of several research analyst reports. TD Cowen raised their price objective on shares of Hawaiian from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Susquehanna cut their price objective on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.75.

Hawaiian Price Performance

Shares of Hawaiian stock traded up $0.06 during midday trading on Friday, reaching $12.01. The company had a trading volume of 1,306,188 shares, compared to its average volume of 1,455,517. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The company has a market capitalization of $624.64 million, a price-to-earnings ratio of -2.07 and a beta of 2.38. The stock has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $13.36. Hawaiian Holdings, Inc. has a 1-year low of $3.70 and a 1-year high of $14.89.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, July 30th. The transportation company reported ($1.37) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.03). Hawaiian had a negative return on equity of 1,220.98% and a negative net margin of 12.80%. The business had revenue of $731.91 million for the quarter, compared to analyst estimates of $745.68 million. During the same period in the prior year, the firm posted ($0.47) EPS. Hawaiian’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Hawaiian Holdings, Inc. will post -6.83 earnings per share for the current 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.