Louisiana State Employees Retirement System increased its stake in shares of Hawaiian Holdings Inc. (NASDAQ:HA) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,100 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Hawaiian Holdings were worth $801,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new position in shares of Hawaiian Holdings during the first quarter worth about $134,000. BlackRock Inc. boosted its position 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 in the last quarter. Royal Bank of Canada boosted its position 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 in the last quarter. Patten & Patten Inc. TN acquired a new position in shares of Hawaiian Holdings during the second quarter worth about $228,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Hawaiian Holdings during the first quarter worth about $272,000. 88.18% of the stock is owned by hedge funds and other institutional investors.
Hawaiian Holdings Inc. (NASDAQ:HA) traded down 2.60% on Friday, reaching $49.50. 907,706 shares of the company traded hands. Hawaiian Holdings Inc. has a one year low of $27.41 and a one year high of $51.53. The stock’s 50 day moving average price is $47.46 and its 200 day moving average price is $44.23. The company has a market capitalization of $2.64 billion, a PE ratio of 11.72 and a beta of 1.30.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The business earned $594.60 million during the quarter, compared to analyst estimates of $589.04 million. On average, equities research analysts predict that Hawaiian Holdings Inc. will post $4.94 EPS for the current fiscal year.
A number of brokerages have recently issued reports on HA. Zacks Investment Research cut shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Vetr upgraded shares of Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Monday, June 27th. Deutsche Bank AG upgraded shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, June 27th. They noted that the move was a valuation call. Credit Suisse Group AG began coverage on shares of Hawaiian Holdings in a report on Friday, June 10th. They set a “neutral” rating and a $43.00 price objective for the company. Finally, Bank of America Corp. reiterated a “hold” rating and set a $47.00 price objective on shares of Hawaiian Holdings in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Hawaiian Holdings presently has a consensus rating of “Hold” and an average price target of $48.67.
In related news, CAO Ronald Anderson-Lehman sold 26,582 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $45.97, for a total value of $1,221,974.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the director now owns 12,675 shares of the company’s stock, valued at $565,178.25. The disclosure for this sale can be found here. 3.40% of the stock is currently 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.
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