Texas Permanent School Fund cut its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 9.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,469 shares of the transportation company’s stock after selling 3,633 shares during the period. Texas Permanent School Fund owned 0.07% of Hawaiian worth $1,413,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Hawaiian by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,713 shares of the transportation company’s stock valued at $1,911,000 after purchasing an additional 214 shares in the last quarter. Aperio Group LLC raised its stake in Hawaiian by 8.3% during the third quarter. Aperio Group LLC now owns 19,157 shares of the transportation company’s stock worth $719,000 after acquiring an additional 1,474 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Hawaiian by 10.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 16,128 shares of the transportation company’s stock worth $692,000 after acquiring an additional 1,522 shares during the period. Alps Advisors Inc. raised its stake in Hawaiian by 19.1% during the third quarter. Alps Advisors Inc. now owns 11,882 shares of the transportation company’s stock worth $446,000 after acquiring an additional 1,906 shares during the period. Finally, Flinton Capital Management LLC raised its stake in Hawaiian by 80.9% during the second quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after acquiring an additional 2,016 shares during the period. 92.30% of the stock is owned by hedge funds and other institutional investors.
Hawaiian Holdings, Inc. (NASDAQ:HA) traded up $0.60 during trading hours on Friday, reaching $38.65. 901,115 shares of the company were exchanged, compared to its average volume of 1,218,308. The company has a quick ratio of 0.90, a current ratio of 0.79 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1,983.13, a price-to-earnings ratio of 5.64, a PEG ratio of 3.28 and a beta of 1.54. Hawaiian Holdings, Inc. has a 1-year low of $32.40 and a 1-year high of $59.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, February 13th. Hawaiian’s payout ratio is 7.01%.
Hawaiian announced that its board has authorized a stock repurchase plan on Tuesday, December 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
HA has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Hawaiian from $40.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, January 30th. Buckingham Research raised shares of Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, November 16th. BidaskClub downgraded shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Imperial Capital increased their target price on shares of Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.36.
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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