International Assets Investment Management LLC Makes New Investment in Hawaiian Holdings, Inc. (NASDAQ:HA)

International Assets Investment Management LLC acquired a new stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 28,400 shares of the transportation company’s stock, valued at approximately $403,000. International Assets Investment Management LLC owned 0.06% of Hawaiian at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HA. Brandywine Global Investment Management LLC boosted its holdings in Hawaiian by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 233,364 shares of the transportation company’s stock worth $1,477,000 after buying an additional 4,400 shares during the period. Numerai GP LLC bought a new position in Hawaiian in the 3rd quarter worth $975,000. Schonfeld Strategic Advisors LLC boosted its holdings in Hawaiian by 35.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 144,700 shares of the transportation company’s stock worth $916,000 after buying an additional 37,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hawaiian by 191.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 134,620 shares of the transportation company’s stock worth $852,000 after buying an additional 88,402 shares during the period. Finally, Barclays PLC boosted its holdings in Hawaiian by 96.3% in the 3rd quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock worth $812,000 after buying an additional 62,835 shares during the period. Institutional investors own 70.15% of the company’s stock.

Hawaiian Stock Up 1.2 %

Shares of HA stock opened at $12.27 on Friday. The stock has a market cap of $636.20 million, a P/E ratio of -2.12 and a beta of 2.39. Hawaiian Holdings, Inc. has a 52 week low of $3.70 and a 52 week high of $14.89. The company has a quick ratio of 1.02, a current ratio of 0.89 and a debt-to-equity ratio of 16.74. The company’s fifty day simple moving average is $13.50 and its two-hundred day simple moving average is $11.19.

Hawaiian (NASDAQ:HA) last announced its quarterly 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). The company had revenue of $645.57 million during the quarter, compared to analysts’ expectations of $629.24 million. Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.17) EPS. Analysts predict that Hawaiian Holdings, Inc. will post -3.77 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.