35,800 Shares in Hawaiian Holdings, Inc. (HA) Purchased by 361 Capital LLC
361 Capital LLC purchased a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 35,800 shares of the transportation company’s stock, valued at approximately $1,344,000. 361 Capital LLC owned 0.07% of Hawaiian Holdings at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Alps Advisors Inc. lifted its stake in shares of Hawaiian Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,976 shares of the transportation company’s stock worth $468,000 after acquiring an additional 26 shares during the period. Renaissance Group LLC lifted its stake in Hawaiian Holdings by 0.9% during the second quarter. Renaissance Group LLC now owns 6,322 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 59 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Hawaiian Holdings by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 95 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Hawaiian Holdings by 1.1% during the second quarter. Suntrust Banks Inc. now owns 9,507 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 102 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Hawaiian Holdings by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 45,864 shares of the transportation company’s stock valued at $2,130,000 after purchasing an additional 138 shares during the last quarter. 92.63% of the stock is owned by institutional investors.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.
Hawaiian Holdings, Inc. (HA) traded down $1.25 during trading on Friday, reaching $37.60. 1,503,555 shares of the company’s stock traded hands, compared to its average volume of 1,591,449. The firm has a market cap of $1,972.95, a price-to-earnings ratio of 6.46, a PEG ratio of 3.00 and a beta of 1.42. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. Hawaiian Holdings, Inc. has a 1 year low of $32.40 and a 1 year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 EPS. research analysts expect that Hawaiian Holdings, Inc. will post 5.55 EPS for the current fiscal year.
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 paid a $0.12 dividend. The ex-dividend date is Thursday, November 16th. Hawaiian Holdings’s dividend payout ratio is presently 12.77%.
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HA has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Citigroup Inc. cut their price target on shares of Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Buckingham Research upgraded shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday. Deutsche Bank AG restated a “hold” rating and set a $52.00 price target (down previously from $64.00) on shares of Hawaiian Holdings in a report on Wednesday, July 26th. Finally, Cowen and Company restated a “hold” rating and set a $47.00 price target on shares of Hawaiian Holdings in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Hawaiian Holdings currently has a consensus rating of “Hold” and a consensus target price of $47.58.
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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