Hawaiian Holdings, Inc. (NASDAQ:HA) Stake Maintained by Adams Asset Advisors LLC

Adams Asset Advisors LLC continued to hold its position in Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,390 shares of the transportation company’s stock at the end of the second quarter. Adams Asset Advisors LLC’s holdings in Hawaiian Holdings were worth $770,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HA. BlackRock Inc. raised its position in shares of Hawaiian Holdings by 89,830.1% in the first quarter. BlackRock Inc. now owns 6,741,157 shares of the transportation company’s stock valued at $313,127,000 after buying an additional 6,733,661 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hawaiian Holdings by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,405,780 shares of the transportation company’s stock valued at $297,549,000 after buying an additional 541,715 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hawaiian Holdings by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,730,167 shares of the transportation company’s stock valued at $80,366,000 after buying an additional 35,723 shares in the last quarter. State Street Corp raised its position in shares of Hawaiian Holdings by 4.2% in the first quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock valued at $62,980,000 after buying an additional 55,043 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Hawaiian Holdings by 5.4% in the first quarter. Geode Capital Management LLC now owns 739,269 shares of the transportation company’s stock valued at $34,338,000 after buying an additional 37,899 shares in the last quarter. Institutional investors own 91.92% of the company’s stock.

Hawaiian Holdings, Inc. (HA) traded down 0.23% during midday trading on Tuesday, reaching $42.50. The company had a trading volume of 581,401 shares. The stock’s 50 day moving average is $45.51 and its 200 day moving average is $49.60. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 10.34 and a beta of 1.38. Hawaiian Holdings, Inc. has a 12-month low of $39.45 and a 12-month high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The business had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. During the same period last year, the business posted $1.21 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Hawaiian Holdings, Inc. will post $5.76 earnings per share for the current year.

Hawaiian Holdings announced that its board has approved a share buyback plan on Thursday, April 20th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “Hawaiian Holdings, Inc. (NASDAQ:HA) Stake Maintained by Adams Asset Advisors LLC” was reported by BBNS and is owned by of BBNS. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://baseballnewssource.com/markets/adams-asset-advisors-llc-maintains-stake-in-hawaiian-holdings-inc-nasdaqha-updated-updated-updated/1196046.html.

Several research firms have commented on HA. Imperial Capital boosted their target price on Hawaiian Holdings from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, June 8th. Deutsche Bank AG cut Hawaiian Holdings from a “buy” rating to a “hold” rating and cut their target price for the company from $63.00 to $59.00 in a research note on Thursday, June 8th. BidaskClub upgraded Hawaiian Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Citigroup Inc. boosted their target price on Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Finally, Stifel Nicolaus cut Hawaiian Holdings from a “hold” rating to a “sell” rating and cut their target price for the company from $60.00 to $40.00 in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.25.

In related news, insider Mark B. Dunkerley sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $48.28, for a total value of $144,840.00. Following the transaction, the insider now directly owns 335,942 shares of the company’s stock, valued at approximately $16,219,279.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Peter R. Ingram sold 2,500 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $48.10, for a total value of $120,250.00. Following the completion of the transaction, the executive vice president now directly owns 199,411 shares in the company, valued at $9,591,669.10. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $2,918,460 over the last three months. Insiders own 2.30% of the company’s stock.

About Hawaiian Holdings

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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