Engineers Gate Manager LP bought a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,856 shares of the transportation company’s stock, valued at approximately $3,787,000. Engineers Gate Manager LP owned approximately 0.19% of Hawaiian as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Aperio Group LLC boosted its stake in Hawaiian by 3.3% during the second quarter. Aperio Group LLC now owns 17,683 shares of the transportation company’s stock worth $830,000 after buying an additional 557 shares during the period. Strs Ohio boosted its stake in Hawaiian by 40.0% during the second quarter. Strs Ohio now owns 8,400 shares of the transportation company’s stock worth $394,000 after buying an additional 2,400 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Hawaiian by 26.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,350 shares of the transportation company’s stock worth $908,000 after buying an additional 4,030 shares during the period. Great West Life Assurance Co. Can boosted its stake in Hawaiian by 4.0% during the second quarter. Great West Life Assurance Co. Can now owns 74,292 shares of the transportation company’s stock worth $3,485,000 after buying an additional 2,861 shares during the period. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in Hawaiian during the second quarter worth $470,000. 93.86% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on HA shares. ValuEngine lowered shares of Hawaiian from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 18th. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, November 16th. Finally, Bank of America reiterated an “underperform” rating and set a $38.00 target price (down from $43.00) on shares of Hawaiian in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.36.
Hawaiian (NASDAQ:HA) last released its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. The business had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. equities research analysts predict that Hawaiian Holdings, Inc. will post 5.55 EPS for the current year.
The company also recently disclosed a special dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 16th. Hawaiian’s payout ratio is currently 12.77%.
Hawaiian declared that its Board of Directors has approved a share buyback program on Tuesday, December 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.
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Hawaiian 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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