Hennessy Advisors Inc. lowered its position in shares of Hawaiian Holdings Inc. (NASDAQ:HA) by 12.2% during the third quarter, Holdings Channel reports. The fund owned 1,010,000 shares of the company’s stock after selling 140,500 shares during the period. Hawaiian Holdings comprises approximately 1.4% of Hennessy Advisors Inc.’s portfolio, making the stock its 14th largest position. Hennessy Advisors Inc.’s holdings in Hawaiian Holdings were worth $49,086,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in 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. PineBridge Investments L.P. raised its stake in Hawaiian Holdings by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,049 shares of the company’s stock worth $230,000 after buying an additional 242 shares during the period. Arizona State Retirement System raised its stake in Hawaiian Holdings by 1.6% in the second quarter. Arizona State Retirement System now owns 24,797 shares of the company’s stock worth $941,000 after buying an additional 400 shares during the period. Synovus Financial Corp raised its stake in Hawaiian Holdings by 0.9% in the second quarter. Synovus Financial Corp now owns 47,999 shares of the company’s stock worth $1,821,000 after buying an additional 408 shares during the period. Finally, Gerstein Fisher raised its stake in Hawaiian Holdings by 4.0% in the second quarter. Gerstein Fisher now owns 14,953 shares of the company’s stock worth $568,000 after buying an additional 572 shares during the period. 87.80% of the stock is owned by institutional investors and hedge funds.
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) traded down 0.19% during mid-day trading on Monday, hitting $52.35. The stock had a trading volume of 295,369 shares. The company’s 50 day moving average price is $47.79 and its 200 day moving average price is $44.60. Hawaiian Holdings Inc. has a 12-month low of $28.40 and a 12-month high of $53.35. The stock has a market cap of $2.80 billion, a P/E ratio of 10.55 and a beta of 1.16.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.08. Hawaiian Holdings had a net margin of 11.72% and a return on equity of 48.03%. The firm had revenue of $671.83 million for the quarter, compared to analyst estimates of $669.22 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Hawaiian Holdings Inc. will post $5.11 EPS for the current fiscal year.
HA has been the subject of a number of analyst reports. Credit Suisse Group AG set a $44.00 price target on Hawaiian Holdings and gave the company a “hold” rating in a research report on Monday, September 12th. Citigroup Inc. initiated coverage on Hawaiian Holdings in a research report on Friday, November 18th. They issued a “neutral” rating and a $48.00 price target for the company. Zacks Investment Research upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, October 12th. Imperial Capital upped their price target on Hawaiian Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 20th. Finally, Deutsche Bank AG increased their price objective on Hawaiian Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Hawaiian Holdings currently has an average rating of “Hold” and a consensus target price of $50.27.
In other news, Director Richard N. Zwern sold 17,500 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $46.81, for a total value of $819,175.00. Following the sale, the director now owns 32,866 shares of the company’s stock, valued at $1,538,457.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Theodoros Panagiotoulias sold 1,508 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $47.19, for a total transaction of $71,162.52. Following the completion of the sale, the senior vice president now directly owns 12,332 shares in the company, valued at approximately $581,947.08. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
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.