Hawaiian Holdings, Inc. (NASDAQ:HA) Sees Significant Decrease in Short Interest

Hawaiian Holdings, Inc. (NASDAQ:HA) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 5,030,000 shares, a decline of 6.0% from the May 30th total of 5,349,900 shares. Currently, 10.7% of the company’s stock are sold short. Based on an average daily volume of 706,700 shares, the days-to-cover ratio is currently 7.1 days.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Hawaiian by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after acquiring an additional 335,590 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hawaiian by 10.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,229,698 shares of the transportation company’s stock worth $58,532,000 after acquiring an additional 207,873 shares during the last quarter. LSV Asset Management lifted its position in Hawaiian by 1.5% during the 1st quarter. LSV Asset Management now owns 1,455,470 shares of the transportation company’s stock worth $38,206,000 after acquiring an additional 21,519 shares during the last quarter. Royce & Associates LP lifted its position in Hawaiian by 28.2% during the 1st quarter. Royce & Associates LP now owns 1,412,678 shares of the transportation company’s stock worth $37,083,000 after acquiring an additional 310,616 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in Hawaiian by 3.5% during the 1st quarter. Primecap Management Co. CA now owns 951,367 shares of the transportation company’s stock worth $24,973,000 after acquiring an additional 32,167 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Shares of NASDAQ HA traded up $0.12 during trading on Monday, hitting $27.75. The company had a trading volume of 2,061 shares, compared to its average volume of 518,128. The company has a market cap of $1.32 billion, a P/E ratio of 5.06 and a beta of 1.80. Hawaiian has a 52 week low of $24.24 and a 52 week high of $44.25. The firm has a 50-day moving average of $26.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.64.

Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Hawaiian had a net margin of 8.52% and a return on equity of 26.32%. The company had revenue of $656.75 million for the quarter, compared to the consensus estimate of $653.57 million. During the same period in the previous year, the business earned $1.09 EPS. The company’s revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts expect that Hawaiian will post 3.99 earnings per share for the current fiscal year.

HA has been the topic of several research reports. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Imperial Capital reiterated an “outperform” rating and set a $38.00 price objective (up from $36.00) on shares of Hawaiian in a research report on Wednesday, April 10th. Macquarie upgraded shares of Husky Energy from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 11th. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 14th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.67.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company offers 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; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

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