Deschutes Portfolio Strategy LLC held its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,795 shares of the transportation company’s stock at the end of the second quarter. Deschutes Portfolio Strategy LLC’s holdings in Hawaiian Holdings were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flinton Capital Management LLC raised its position in shares of Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock worth $116,000 after buying an additional 56 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock worth $137,000 after buying an additional 434 shares during the last quarter. Neuburgh Advisers LLC raised its position in shares of Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock worth $141,000 after buying an additional 68 shares during the last quarter. US Bancorp DE raised its position in shares of Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock worth $158,000 after buying an additional 1,012 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Hawaiian Holdings by 67.3% in the first quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock worth $163,000 after buying an additional 1,416 shares during the period. Institutional investors own 90.44% of the company’s stock.

Shares of Hawaiian Holdings, Inc. (NASDAQ HA) opened at 42.20 on Wednesday. Hawaiian Holdings, Inc. has a 12 month low of $39.45 and a 12 month high of $60.90. The company’s 50 day moving average price is $43.73 and its 200-day moving average price is $48.49. The firm has a market capitalization of $2.26 billion, a P/E ratio of 10.27 and a beta of 1.38.

Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. Hawaiian Holdings’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. On average, equities analysts predict that Hawaiian Holdings, Inc. will post $5.73 earnings per share for the current fiscal year.

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A number of analysts have issued reports on HA shares. Bank of America Corporation cut their target price on Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating for the company in a research note on Friday, June 30th. BidaskClub downgraded Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Citigroup Inc. cut their target price on Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. ValuEngine downgraded Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 target price (down from $64.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.17.

In other Hawaiian Holdings news, insider Mark B. Dunkerley sold 19,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $56.91, for a total transaction of $1,081,290.00. Following the transaction, the insider now owns 352,942 shares of the company’s stock, valued at approximately $20,085,929.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $41.78, for a total value of $41,780.00. Following the transaction, the executive vice president now directly owns 198,411 shares in the company, valued at approximately $8,289,611.58. The disclosure for this sale can be found here. Insiders sold a total of 30,500 shares of company stock worth $1,671,260 over the last three months. 2.30% of the stock is owned by company insiders.

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.

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

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