Oppenheimer & Co. Inc. Sells 10,300 Shares of Hawaiian Holdings, Inc. (HA)

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Oppenheimer & Co. Inc. lowered its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,511 shares of the transportation company’s stock after selling 10,300 shares during the period. Oppenheimer & Co. Inc. owned 0.43% of Hawaiian worth $8,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Needham Investment Management LLC boosted its stake in Hawaiian by 22.1% during the 2nd quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock valued at $1,984,000 after purchasing an additional 10,000 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in Hawaiian by 10.7% in the 3rd quarter. Congress Asset Management Co. MA now owns 80,648 shares of the transportation company’s stock worth $3,234,000 after purchasing an additional 7,765 shares during the period. Raymond James & Associates raised its holdings in Hawaiian by 1.9% in the 2nd quarter. Raymond James & Associates now owns 118,066 shares of the transportation company’s stock worth $4,245,000 after purchasing an additional 2,197 shares during the period. Piedmont Investment Advisors LLC raised its holdings in Hawaiian by 403.3% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 55,192 shares of the transportation company’s stock worth $1,984,000 after purchasing an additional 44,225 shares during the period. Finally, Financial Consulate Inc. raised its holdings in Hawaiian by 3.9% in the 2nd quarter. Financial Consulate Inc. now owns 67,413 shares of the transportation company’s stock worth $2,424,000 after purchasing an additional 2,558 shares during the period. Institutional investors own 87.19% of the company’s stock.

Shares of NASDAQ:HA opened at $36.20 on Friday. The company has a market capitalization of $1.79 billion, a P/E ratio of 6.53 and a beta of 1.40. Hawaiian Holdings, Inc. has a 52 week low of $31.46 and a 52 week high of $44.25. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.62.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.17. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The business had revenue of $759.10 million for the quarter, compared to analyst estimates of $762.00 million. During the same period in the previous year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that Hawaiian Holdings, Inc. will post 5.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 15th. Hawaiian’s dividend payout ratio is currently 8.51%.

A number of equities research analysts have commented on the company. Macquarie set a $43.00 price target on Hawaiian and gave the company a “buy” rating in a report on Monday, October 8th. Morgan Stanley set a $37.00 price target on Hawaiian and gave the company a “sell” rating in a report on Friday, October 5th. BidaskClub cut Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Stifel Nicolaus cut their price objective on Hawaiian from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, July 25th. Finally, Deutsche Bank restated a “hold” rating on shares of Hawaiian in a research report on Thursday, July 26th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Hawaiian presently has an average rating of “Hold” and a consensus target price of $43.75.

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

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