Comerica Bank lessened its holdings in Hawaiian Holdings, Inc. (NASDAQ:HA) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,128 shares of the transportation company’s stock after selling 4,556 shares during the quarter. Comerica Bank’s holdings in Hawaiian were worth $1,675,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in HA. First Hawaiian Bank bought a new stake in shares of Hawaiian in the third quarter valued at about $146,000. Stevens Capital Management LP bought a new stake in shares of Hawaiian in the second quarter valued at about $244,000. Fox Run Management L.L.C. bought a new stake in shares of Hawaiian in the third quarter valued at about $290,000. Neuburgh Advisers LLC boosted its position in shares of Hawaiian by 18.1% in the second quarter. Neuburgh Advisers LLC now owns 9,112 shares of the transportation company’s stock valued at $328,000 after acquiring an additional 1,394 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in Hawaiian during the second quarter worth about $330,000. 86.61% of the stock is owned by institutional investors.
Several research firms recently weighed in on HA. ValuEngine cut shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Macquarie set a $43.00 price objective on shares of Hawaiian and gave the stock a “buy” rating in a research report on Monday, October 8th. Morgan Stanley set a $37.00 price objective on shares of Hawaiian and gave the stock a “sell” rating in a research report on Friday, October 5th. BidaskClub cut shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, September 8th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $77.00 price objective (up previously from $74.00) on shares of Hawaiian in a research report on Thursday, September 27th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.67.
Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.17. The firm had revenue of $759.10 million during the quarter, compared to analysts’ expectations of $762.00 million. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. As a group, analysts anticipate that Hawaiian Holdings, Inc. will post 5.56 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.20%. Hawaiian’s dividend payout ratio (DPR) is currently 8.51%.
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Hawaiian Company Profile
Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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