Investors Purchase High Volume of Hawaiian Put Options (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) saw some unusual options trading on Monday. Stock investors purchased 20,277 put options on the stock. This represents an increase of approximately 832% compared to the typical daily volume of 2,175 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Byrne Asset Management LLC bought a new stake in shares of Hawaiian during the first quarter valued at approximately $28,000. PenderFund Capital Management Ltd. bought a new stake in Hawaiian during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. increased its stake in Hawaiian by 210.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 3,719 shares in the last quarter. CVA Family Office LLC acquired a new position in Hawaiian during the fourth quarter worth $79,000. Finally, CWM LLC lifted its stake in shares of Hawaiian by 97.2% in the fourth 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 in the last quarter. 70.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Susquehanna cut their target price on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th.

Hawaiian Stock Performance

HA stock opened at $12.50 on Wednesday. Hawaiian has a 1-year low of $3.70 and a 1-year high of $14.89. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The stock has a 50-day moving average price of $13.26 and a 200-day moving average price of $11.71. The firm has a market cap of $648.13 million, a PE ratio of -2.16 and a beta of 2.37.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.75) by ($0.02). The business had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. Hawaiian’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted ($2.17) earnings per share. As a group, equities research analysts expect that Hawaiian will post -5.02 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.