First Trust Advisors LP reduced its position in Hawaiian Holdings Inc. (NASDAQ:HA) by 40.3% during the second quarter, Holdings Channel reports. The fund owned 53,140 shares of the company’s stock after selling 35,837 shares during the period. First Trust Advisors LP owned 0.10% of Hawaiian Holdings worth $2,017,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HA. Acrospire Investment Management LLC acquired a new stake in Hawaiian Holdings during the first quarter valued at $134,000. Societe Generale purchased a new stake in shares of Hawaiian Holdings during the second quarter worth approximately $149,000. SG Americas Securities LLC purchased a new stake in shares of Hawaiian Holdings during the second quarter worth approximately $149,000. BlackRock Inc. raised its stake in shares of Hawaiian Holdings by 133.6% in the first quarter. BlackRock Inc. now owns 3,467 shares of the company’s stock worth $164,000 after buying an additional 1,983 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Hawaiian Holdings by 55.5% in the first quarter. Royal Bank of Canada now owns 3,670 shares of the company’s stock worth $173,000 after buying an additional 1,310 shares during the last quarter. Institutional investors own 88.18% of the company’s stock.
Hawaiian Holdings Inc. (NASDAQ:HA) traded up 0.30% during trading on Friday, hitting $47.50. The company had a trading volume of 536,178 shares. Hawaiian Holdings Inc. has a 1-year low of $23.51 and a 1-year high of $50.95. The company’s 50 day moving average price is $46.19 and its 200-day moving average price is $43.96. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 11.25 and a beta of 1.22.
Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Thursday, July 21st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. The business had revenue of $594.60 million for the quarter, compared to analyst estimates of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. On average, analysts expect that Hawaiian Holdings Inc. will post $4.94 EPS for the current year.
HA has been the topic of a number of recent research reports. Credit Suisse Group AG set a $44.00 price target on Hawaiian Holdings and gave the company a “hold” rating in a research note on Monday, September 12th. Imperial Capital initiated coverage on Hawaiian Holdings in a research note on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price target on the stock. Morgan Stanley reissued a “sell” rating and set a $43.00 price target on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Vetr lowered Hawaiian Holdings from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Thursday, July 7th. Finally, Argus raised Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.60.
In other news, Director William S. Swelbar sold 16,577 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $44.59, for a total transaction of $739,168.43. Following the transaction, the director now directly owns 12,675 shares in the company, valued at approximately $565,178.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Barbara Falvey sold 5,500 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $45.25, for a total value of $248,875.00. Following the transaction, the senior vice president now owns 23,534 shares in the company, valued at $1,064,913.50. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.
About Hawaiian Holdings
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
Want to see what other hedge funds are holding HA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Holdings Inc. (NASDAQ:HA).
Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.