South Dakota Investment Council bought a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,100 shares of the transportation company’s stock, valued at approximately $1,956,000. South Dakota Investment Council owned 0.10% of Hawaiian at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of HA. Riverhead Capital Management LLC boosted its position in Hawaiian by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock worth $189,000 after acquiring an additional 1,828 shares during the period. Flinton Capital Management LLC raised its stake in shares of Hawaiian by 80.9% during the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after purchasing an additional 2,016 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Hawaiian by 170.7% during the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock worth $229,000 after purchasing an additional 3,073 shares in the last quarter. ARP Americas LLC purchased a new stake in shares of Hawaiian during the 2nd quarter worth about $236,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Hawaiian during the 2nd quarter worth about $240,000. 93.86% of the stock is currently owned by institutional investors.
Hawaiian Holdings, Inc. (NASDAQ HA) opened at $39.85 on Wednesday. Hawaiian Holdings, Inc. has a 52-week low of $32.40 and a 52-week high of $60.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2,230.05, a PE ratio of 7.30, a PEG ratio of 3.39 and a beta of 1.51.
Hawaiian announced that its board has authorized a stock buyback plan on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, November 16th. Hawaiian’s dividend payout ratio (DPR) is currently 12.77%.
In related news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the executive vice president now owns 197,411 shares of the company’s stock, valued at $7,896,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on HA shares. ValuEngine raised Hawaiian from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Buckingham Research raised Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, November 16th. Cowen reissued a “hold” rating and set a $47.00 price objective on shares of Hawaiian in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price target on shares of Hawaiian in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.36.
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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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