Readystate Asset Management LP Acquires New Holdings in Hawaiian Holdings, Inc. (NASDAQ:HA)

Readystate Asset Management LP acquired a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) in the fourth quarter, HoldingsChannel reports. The firm acquired 135,237 shares of the transportation company’s stock, valued at approximately $1,920,000.

A number of other large investors have also added to or reduced their stakes in HA. Par Capital Management Inc. bought a new position in Hawaiian in the 4th quarter valued at approximately $21,584,000. Alpine Associates Management Inc. bought a new position in Hawaiian in the 4th quarter valued at approximately $14,964,000. Third Avenue Management LLC raised its holdings in Hawaiian by 141.0% in the 1st quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company’s stock valued at $14,254,000 after buying an additional 910,431 shares during the last quarter. Millennium Management LLC raised its holdings in Hawaiian by 933.7% in the 2nd quarter. Millennium Management LLC now owns 663,758 shares of the transportation company’s stock valued at $9,498,000 after buying an additional 743,371 shares during the last quarter. Finally, BlackRock Inc. increased its position in Hawaiian by 8.0% during the 1st quarter. BlackRock Inc. now owns 9,356,013 shares of the transportation company’s stock valued at $85,701,000 after purchasing an additional 692,526 shares during the period. Institutional investors own 70.15% of the company’s stock.

Hawaiian Stock Performance

NASDAQ:HA remained flat at $13.25 on Wednesday. 516,868 shares of the company’s stock were exchanged, compared to its average volume of 998,243. The stock has a market capitalization of $687.01 million, a price-to-earnings ratio of -2.62 and a beta of 2.39. The firm has a fifty day moving average of $13.66 and a 200 day moving average of $10.92. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.02 and a quick ratio of 1.02. Hawaiian Holdings, Inc. has a twelve month low of $3.70 and a twelve month high of $14.89.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.35) by ($0.02). The firm had revenue of $669.07 million for the quarter, compared to analyst estimates of $668.97 million. Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.49) EPS. On average, equities research analysts forecast that Hawaiian Holdings, Inc. will post -3.79 EPS for the current fiscal year.

Hawaiian 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.