ProShare Advisors LLC Reduces Stake in Hawaiian Holdings, Inc. (HA)
ProShare Advisors LLC lowered its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 25.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,485 shares of the transportation company’s stock after selling 1,831 shares during the quarter. ProShare Advisors LLC’s holdings in Hawaiian Holdings were worth $258,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its holdings in Hawaiian Holdings by 42.4% in the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Hawaiian Holdings by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after buying an additional 1,828 shares during the last quarter. First Quadrant L P CA raised its holdings in Hawaiian Holdings by 170.7% in the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock valued at $229,000 after buying an additional 3,073 shares during the last quarter. ARP Americas LLC bought a new position in Hawaiian Holdings in the 2nd quarter valued at approximately $236,000. Finally, Cigna Investments Inc. New bought a new position in Hawaiian Holdings in the 2nd quarter valued at approximately $240,000. 90.42% of the stock is owned by hedge funds and other institutional investors.
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Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $676.59 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis.
The business also recently disclosed a special dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 16th.
A number of brokerages recently issued reports on HA. Bank of America Corporation reiterated an “underperform” rating and issued a $38.00 price objective (down previously from $43.00) on shares of Hawaiian Holdings in a report on Tuesday. Zacks Investment Research lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine upgraded shares of Hawaiian Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Buckingham Research lowered shares of Hawaiian Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a report on Tuesday, September 26th. Finally, Macquarie began coverage on shares of Hawaiian Holdings in a report on Monday, September 25th. They issued an “outperform” rating and a $49.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.67.
In related news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the executive vice president now owns 197,411 shares in the company, valued at $7,896,440. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 3,000 shares of company stock valued at $122,430 in the last quarter. 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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