Advisory Services Network LLC purchased a new position in Hawaiian Holdings Inc. (NASDAQ:HA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,673 shares of the company’s stock, valued at approximately $227,000.
Several other institutional investors have also recently bought and sold shares of the company. Smith Asset Management Group LP boosted its stake in shares of Hawaiian Holdings by 3.6% in the second quarter. Smith Asset Management Group LP now owns 60,230 shares of the company’s stock worth $2,286,000 after buying an additional 2,100 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Hawaiian Holdings by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock worth $801,000 after buying an additional 100 shares during the period. Bank of Montreal Can bought a new stake in shares of Hawaiian Holdings during the second quarter worth $526,000. Telemus Capital LLC boosted its stake in shares of Hawaiian Holdings by 3.8% in the second quarter. Telemus Capital LLC now owns 41,917 shares of the company’s stock worth $1,591,000 after buying an additional 1,527 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Hawaiian Holdings by 7.3% in the second quarter. Capstone Asset Management Co. now owns 16,990 shares of the company’s stock worth $645,000 after buying an additional 1,150 shares during the period. 88.42% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian Holdings Inc. (NASDAQ:HA) traded up 0.19% during mid-day trading on Friday, reaching $52.45. The company had a trading volume of 235,264 shares. Hawaiian Holdings Inc. has a 12 month low of $28.40 and a 12 month high of $53.35. The firm’s 50 day moving average price is $47.79 and its 200-day moving average price is $44.60. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 10.57 and a beta of 1.16.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.08. The business earned $671.83 million during the quarter, compared to analysts’ expectations of $669.22 million. Hawaiian Holdings had a return on equity of 48.03% and a net margin of 11.72%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. Equities research analysts anticipate that Hawaiian Holdings Inc. will post $5.11 earnings per share for the current year.
A number of research firms have commented on HA. Morgan Stanley reiterated a “sell” rating and issued a $43.00 price target on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Imperial Capital increased their price target on Hawaiian Holdings from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Deutsche Bank AG increased their price target on Hawaiian Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, October 12th. Zacks Investment Research cut Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Finally, Citigroup Inc. began coverage on Hawaiian Holdings in a research note on Friday, November 18th. They issued a “neutral” rating and a $48.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Hawaiian Holdings has an average rating of “Hold” and a consensus target price of $50.27.
In other news, SVP Theodoros Panagiotoulias sold 1,508 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $47.19, for a total value of $71,162.52. Following the completion of the sale, the senior vice president now directly owns 12,332 shares of the company’s stock, valued at approximately $581,947.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence Hershfield sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $47.48, for a total value of $949,600.00. Following the sale, the director now directly owns 406,664 shares of the company’s stock, valued at $19,308,406.72. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
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.