Fmr LLC decreased its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,600 shares of the transportation company’s stock after selling 7,800 shares during the quarter. Fmr LLC owned approximately 0.43% of Hawaiian Holdings worth $10,874,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in shares of Hawaiian Holdings by 4.2% during the 1st quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock worth $62,980,000 after acquiring an additional 55,043 shares in the last quarter. First Quadrant L P CA boosted its position in shares of Hawaiian Holdings by 170.7% during the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock worth $229,000 after acquiring an additional 3,073 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Hawaiian Holdings by 5.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 30,140 shares of the transportation company’s stock worth $1,400,000 after acquiring an additional 1,560 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Hawaiian Holdings by 4.7% during the 2nd quarter. Teachers Advisors LLC now owns 445,506 shares of the transportation company’s stock worth $20,917,000 after acquiring an additional 20,201 shares in the last quarter. Finally, Century Capital Management LLC acquired a new position in shares of Hawaiian Holdings during the 2nd quarter worth about $2,139,000. Institutional investors own 91.44% of the company’s stock.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the executive vice president now directly owns 197,411 shares in the company, valued at $7,896,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $122,430. 2.30% of the stock is currently owned by insiders.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 33.90 on Monday. Hawaiian Holdings, Inc. has a 52-week low of $32.95 and a 52-week high of $60.90. The firm has a market capitalization of $1.82 billion, a PE ratio of 8.25 and a beta of 1.42. The firm’s 50-day moving average price is $38.72 and its 200-day moving average price is $45.51.
Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian Holdings had a return on equity of 41.49% and a net margin of 7.67%. The company had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same period in the previous year, the firm posted $1.91 earnings per share. Hawaiian Holdings’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Hawaiian Holdings, Inc. will post $5.56 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 16th.
Several research analysts have recently issued reports on the company. BidaskClub cut Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price objective on shares of Hawaiian Holdings in a research report on Tuesday, October 24th. Buckingham Research upped their target price on Hawaiian Holdings from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Citigroup Inc. decreased their target price on Hawaiian Holdings from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Finally, Zacks Investment Research cut Hawaiian Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.58.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.
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