Canada Pension Plan Investment Board Sells 27,900 Shares of Hawaiian Holdings, Inc. (HA)

Canada Pension Plan Investment Board trimmed its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 31.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,500 shares of the transportation company’s stock after selling 27,900 shares during the quarter. Canada Pension Plan Investment Board owned 0.11% of Hawaiian Holdings worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Hawaiian Holdings by 7.5% in the 2nd quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock worth $340,268,000 after acquiring an additional 506,330 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hawaiian Holdings by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock worth $305,306,000 after acquiring an additional 96,996 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hawaiian Holdings by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,749,163 shares of the transportation company’s stock worth $82,122,000 after acquiring an additional 18,996 shares in the last quarter. State Street Corp boosted its holdings in shares of Hawaiian Holdings by 1.7% in the 2nd quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock worth $64,737,000 after acquiring an additional 23,076 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Hawaiian Holdings by 17.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 940,000 shares of the transportation company’s stock worth $35,297,000 after acquiring an additional 140,000 shares in the last quarter. 92.63% of the stock is currently owned by institutional investors.

In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the executive vice president now owns 197,411 shares in the company, valued at approximately $7,896,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Several brokerages have recently commented on HA. BidaskClub downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. ValuEngine downgraded Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Cowen and Company reduced their price objective on Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating on the stock in a report on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 price objective (down previously from $64.00) on shares of Hawaiian Holdings in a report on Wednesday, July 26th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective (down previously from $41.00) on shares of Hawaiian Holdings in a report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Hawaiian Holdings has an average rating of “Hold” and a consensus target price of $47.58.

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $37.60 on Friday. The company has a market cap of $2,040.00, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 2.91 and a beta of 1.42. Hawaiian Holdings, Inc. has a 1 year low of $32.40 and a 1 year high of $60.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.

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 consensus estimate of $1.85 by $0.07. The company had revenue of $719.56 million during the quarter, compared to analysts’ expectations of $721.00 million. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 EPS. equities research analysts forecast that Hawaiian Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 16th.

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Hawaiian Holdings 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.

Institutional Ownership by Quarter for Hawaiian Holdings (NASDAQ:HA)

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