Century Capital Management LLC Buys New Stake in Hawaiian Holdings, Inc. (HA)
Century Capital Management LLC bought a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 45,553 shares of the transportation company’s stock, valued at approximately $2,139,000. Century Capital Management LLC owned 0.09% of Hawaiian Holdings as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HA. BlackRock Inc. increased 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 acquiring an additional 6,733,661 shares during the period. Vanguard Group Inc. increased 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 acquiring an additional 541,715 shares during the period. Dimensional Fund Advisors LP increased 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 acquiring an additional 35,723 shares during the period. State Street Corp increased 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 acquiring an additional 55,043 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Hawaiian Holdings in the second quarter valued at about $37,560,000. Institutional investors own 90.42% of the company’s stock.
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A number of equities analysts have issued reports on HA shares. Stifel Nicolaus cut shares of Hawaiian Holdings from a “hold” rating to a “sell” rating and decreased their price objective for the company from $60.00 to $40.00 in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research report on Wednesday, May 17th. Morgan Stanley restated an “underweight” rating and issued a $40.00 price objective (down previously from $52.00) on shares of Hawaiian Holdings in a research report on Thursday, June 22nd. ValuEngine cut shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup Inc. boosted their price objective on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $52.17.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) traded down 4.01% during trading on Friday, hitting $39.50. 1,489,920 shares of the company traded hands. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.61 and a beta of 1.41. The company has a 50 day moving average price of $42.35 and a 200 day moving average price of $47.91. Hawaiian Holdings, Inc. has a 52 week low of $39.45 and a 52 week high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. On average, analysts expect that Hawaiian Holdings, Inc. will post $5.71 earnings per share for the current year.
In related news, Director Donald J. Carty purchased 3,000 shares of Hawaiian Holdings stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of $47.10 per share, with a total value of $141,300.00. Following the purchase, the director now directly owns 13,675 shares of the company’s stock, valued at approximately $644,092.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $41.78, for a total transaction of $41,780.00. Following the completion of 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 11,500 shares of company stock worth $589,970 in the last ninety days. 2.30% of the stock is currently owned by insiders.
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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