Great West Life Assurance Co. Can lessened its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,170 shares of the transportation company’s stock after selling 5,122 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of Hawaiian worth $2,556,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Financial Consulate Inc. boosted its stake in shares of Hawaiian by 33.3% in the third quarter. Financial Consulate Inc. now owns 55,023 shares of the transportation company’s stock valued at $2,066,000 after buying an additional 13,756 shares during the period. Shell Asset Management Co. boosted its stake in shares of Hawaiian by 664.0% in the third quarter. Shell Asset Management Co. now owns 257,698 shares of the transportation company’s stock valued at $3,466,000 after buying an additional 223,969 shares during the period. State Street Corp boosted its stake in shares of Hawaiian by 1.7% in the second quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock valued at $64,737,000 after buying an additional 23,076 shares during the period. Teachers Advisors LLC boosted its stake in shares of Hawaiian by 4.7% in the second quarter. Teachers Advisors LLC now owns 445,506 shares of the transportation company’s stock valued at $20,917,000 after buying an additional 20,201 shares during the period. Finally, Century Capital Management LLC bought a new stake in shares of Hawaiian in the second quarter valued at approximately $2,139,000. Institutional investors own 93.86% of the company’s stock.
Several brokerages recently issued reports on HA. Cowen cut their price target on Hawaiian from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Friday, October 13th. Buckingham Research boosted their price target on Hawaiian from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Macquarie started coverage on Hawaiian in a research note on Monday, September 25th. They set an “outperform” rating and a $49.00 target price for the company. Citigroup cut their target price on Hawaiian from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Finally, ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.36.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $39.30 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. Hawaiian Holdings, Inc. has a 12 month low of $32.40 and a 12 month high of $60.90. The firm has a market capitalization of $2,101.49, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 3.14 and a beta of 1.51.
Hawaiian (NASDAQ:HA) last released its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The firm had revenue of $719.56 million during the quarter, compared to analysts’ expectations of $721.00 million. During the same period in the prior year, the company earned $1.91 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts anticipate that Hawaiian Holdings, Inc. will post 5.64 EPS for the current fiscal year.
The business also recently declared a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, November 16th. Hawaiian’s dividend payout ratio (DPR) is presently 12.77%.
Hawaiian declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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Hawaiian 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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