Breton Hill Capital Ltd. reduced its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,332 shares of the transportation company’s stock after selling 3,354 shares during the period. Breton Hill Capital Ltd.’s holdings in Hawaiian Holdings were worth $814,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $313,127,000 after buying an additional 6,733,661 shares in the last quarter. 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 worth $297,549,000 after buying an additional 541,715 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Hawaiian Holdings by 360.2% in the first quarter. Gotham Asset Management LLC now owns 325,972 shares of the transportation company’s stock worth $15,141,000 after buying an additional 255,132 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Hawaiian Holdings during the first quarter worth $11,181,000. Finally, Bank of Montreal Can increased its position in shares of Hawaiian Holdings by 224.6% in the second quarter. Bank of Montreal Can now owns 250,133 shares of the transportation company’s stock worth $11,744,000 after buying an additional 173,081 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.
Hawaiian Holdings, Inc. (NASDAQ:HA) traded down 0.23% during mid-day trading on Tuesday, reaching $42.50. 581,401 shares of the company’s stock traded hands. The stock has a market cap of $2.28 billion, a P/E ratio of 10.34 and a beta of 1.38. Hawaiian Holdings, Inc. has a 12 month low of $39.45 and a 12 month high of $60.90. The company has a 50 day moving average price of $45.51 and a 200-day moving average price of $49.60.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $676.59 million. During the same period in the prior year, the business posted $1.21 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Hawaiian Holdings, Inc. will post $5.76 EPS for the current year.
Hawaiian Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, April 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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A number of research analysts recently issued reports on HA shares. Deutsche Bank AG restated a “buy” rating and set a $63.00 price objective (up previously from $60.00) on shares of Hawaiian Holdings in a report on Sunday, April 23rd. Buckingham Research upgraded shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $63.00 in a report on Friday, April 21st. They noted that the move was a valuation call. ValuEngine cut shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. BidaskClub upgraded shares of Hawaiian Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.25.
In related news, Director Donald J. Carty purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average cost of $53.31 per share, for a total transaction of $266,550.00. Following the completion of the transaction, the director now directly owns 5,675 shares in the company, valued at approximately $302,534.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Shannon Lei Okinaka sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $21.28, for a total value of $53,200.00. Following the transaction, the chief financial officer now directly owns 33,838 shares of the company’s stock, valued at approximately $720,072.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,000 shares of company stock worth $2,918,460. Company 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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