Louisiana State Employees Retirement System held its position in Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,800 shares of the transportation company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Hawaiian Holdings were worth $1,024,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Two Sigma Securities LLC purchased a new position in Hawaiian Holdings during the first quarter worth about $254,000. State Street Corp raised its position in Hawaiian Holdings by 4.2% in the first quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock worth $62,980,000 after buying an additional 55,043 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Hawaiian Holdings by 57.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,955 shares of the transportation company’s stock valued at $509,000 after buying an additional 4,016 shares during the last quarter. Telemus Capital LLC raised its position in shares of Hawaiian Holdings by 0.7% in the first quarter. Telemus Capital LLC now owns 37,058 shares of the transportation company’s stock valued at $1,721,000 after buying an additional 244 shares during the last quarter. Finally, Burney Co. raised its position in shares of Hawaiian Holdings by 8.1% in the first quarter. Burney Co. now owns 195,302 shares of the transportation company’s stock valued at $9,072,000 after buying an additional 14,562 shares during the last quarter. 91.92% of the stock is currently owned by hedge funds and other institutional investors.
Hawaiian Holdings, Inc. (HA) opened at 42.50 on Wednesday. Hawaiian Holdings, Inc. has a 52 week low of $39.45 and a 52 week high of $60.90. The stock has a market cap of $2.28 billion, a PE ratio of 10.34 and a beta of 1.38. The company has a 50-day moving average price of $45.51 and a 200-day moving average price of $49.60.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. During the same quarter last year, the company earned $1.21 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Hawaiian Holdings, Inc. will post $5.76 earnings per share for the current year.
Hawaiian Holdings announced that its Board of Directors has authorized a share repurchase program on Thursday, April 20th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
HA has been the topic of several research reports. BidaskClub downgraded shares of Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stifel Nicolaus raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research report on Friday, July 28th. Citigroup Inc. lowered their price objective on shares of Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Morgan Stanley reissued an “underweight” rating and set a $40.00 price target (down previously from $41.00) on shares of Hawaiian Holdings in a research report on Wednesday, July 26th. Finally, Imperial Capital reissued an “outperform” rating and set a $74.00 price target on shares of Hawaiian Holdings in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.25.
In other news, insider Mark B. Dunkerley sold 18,000 shares of Hawaiian Holdings stock in a transaction on Monday, May 15th. The stock was sold at an average price of $53.71, for a total value of $966,780.00. Following the transaction, the insider now owns 357,942 shares in the company, valued at approximately $19,225,064.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark B. Dunkerley sold 19,000 shares of Hawaiian Holdings stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total value of $1,081,290.00. Following the completion of the transaction, the insider now owns 352,942 shares in the company, valued at approximately $20,085,929.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $2,649,460. Corporate insiders own 2.30% of the company’s stock.
Hawaiian Holdings 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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