Wolverine Asset Management LLC Buys New Shares in Hawaiian Holdings, Inc. (NASDAQ:HA)

Wolverine Asset Management LLC bought a new stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the 4th quarter, HoldingsChannel.com reports. The fund bought 29,313 shares of the transportation company’s stock, valued at approximately $416,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oak Thistle LLC bought a new stake in Hawaiian in the 3rd quarter worth $66,000. CVA Family Office LLC bought a new stake in Hawaiian in the 4th quarter worth $79,000. Fox Run Management L.L.C. bought a new stake in Hawaiian in the 3rd quarter worth $83,000. CWM LLC grew its holdings in Hawaiian by 97.2% in the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock worth $113,000 after acquiring an additional 3,936 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in Hawaiian in the 4th quarter worth $135,000. Institutional investors own 70.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Hawaiian Stock Performance

Shares of HA opened at $12.27 on Friday. The firm’s 50-day moving average price is $13.50 and its 200-day moving average price is $11.19. The company has a quick ratio of 1.02, a current ratio of 0.89 and a debt-to-equity ratio of 16.74. Hawaiian Holdings, Inc. has a 1-year low of $3.70 and a 1-year high of $14.89.

Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). The company had revenue of $645.57 million for the quarter, compared to the consensus estimate of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.17) EPS. As a group, equities analysts expect that Hawaiian Holdings, Inc. will post -4.4 earnings per share for the current year.

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.