Investors Buy Large Volume of Call Options on Hawaiian (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) saw some unusual options trading on Thursday. Stock investors acquired 15,022 call options on the company. This represents an increase of approximately 731% compared to the typical volume of 1,807 call options.

Hawaiian Stock Performance

Hawaiian stock opened at $12.73 on Friday. The stock’s 50-day moving average is $13.13 and its 200-day moving average is $13.59. The company has a market cap of $660.05 million, a price-to-earnings ratio of -2.20 and a beta of 2.38. Hawaiian has a 12 month low of $3.70 and a 12 month high of $14.89. The company has a debt-to-equity ratio of 16.74, a current ratio of 0.89 and a quick ratio of 0.89.

Hawaiian (NASDAQ:HA) last released its quarterly earnings data 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 net margin of 10.90% and a negative return on equity of 301.69%. The company had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. During the same period last year, the business earned ($2.17) earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Hawaiian will post -5.4 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Hawaiian

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Hawaiian by 96.3% during the 3rd quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock worth $812,000 after acquiring an additional 62,835 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in Hawaiian by 1.9% in the third quarter. Brandywine Global Investment Management LLC now owns 233,364 shares of the transportation company’s stock valued at $1,477,000 after buying an additional 4,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Hawaiian by 191.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 134,620 shares of the transportation company’s stock valued at $852,000 after buying an additional 88,402 shares in the last quarter. Numerai GP LLC bought a new position in Hawaiian during the 3rd quarter worth approximately $975,000. Finally, Mutual Advisors LLC acquired a new position in Hawaiian in the third quarter worth $642,000. 70.15% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Company 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, 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.