Why These 5 Stocks Are Experiencing Big Rallies on Wednesday

Next on our list is Hawaiian Holdings, Inc. (NASDAQ:HA), whose stock is well in the green after reporting its financial results for the fourth quarter and full year ended December 31, 2015. The company posted adjusted EPS of $0.85, which represents an increase of 112.5% year-over-year. The company’s revenue of $574.2 million was lower by 0.1% than the figure reported a year earlier however. Moreover, Hawaiian Holdings managed to beat EPS expectations by $0.01 and revenue expectations by $6.96 million. Analysts at Deutsche Bank upgraded the company to ‘Buy’ from ‘Hold’ and raised their price target on the company to $40 from $35 following the earnings announcement, suggesting that the stock has 8% upside potential.

Hawaiian Holdings, Inc. (NASDAQ:HA) also lost popularity among the investors that we track in the third quarter. 22 funds held shares of the company on September 30, down by two funds over the quarter. Among them, Zac Hirzel‘s Hirzel Capital Management was the largest shareholder, reporting ownership of 2.31 million shares in its latest 13F filing.

Last on our list is Terex Corporation (NYSE:TEX), whose stock has gained almost 8% today after the company confirmed that it has received a takeover offer from Zoomlion Heavy Industry Science and Technology Co. (Zoomlion) of China for $30 per share. Both companies entered into a confidentiality agreement while Terex is reviewing the bid. The deal needs U.S and Chinese regulatory approval, as well as Zoomlion shareholder approval.

During the third quarter, Terex Corporation (NYSE:TEX) registered a decrease in popularity among the funds that we track, with 23 investors holding long positions at the end of September, versus 28 funds a quarter earlier. Richard S. Pzena‘s Pzena Investment Management was the largest shareholder in Terex in our system, owning 4.34 million shares valued at $77.8 million at the end of September.

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