Hawaiian Holdings Inc. (HA) Position Reduced by Sigma Planning Corp
Sigma Planning Corp decreased its position in Hawaiian Holdings Inc. (NASDAQ:HA) by 5.6% during the second quarter, Holdings Channel reports. The fund owned 6,750 shares of the company’s stock after selling 400 shares during the period. Sigma Planning Corp’s holdings in Hawaiian Holdings were worth $256,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in shares of Hawaiian Holdings during the first quarter worth $134,000. BlackRock Inc. increased its stake in shares of Hawaiian Holdings by 133.6% in the first quarter. BlackRock Inc. now owns 3,467 shares of the company’s stock worth $164,000 after buying an additional 1,983 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Hawaiian Holdings by 55.5% in the first quarter. Royal Bank of Canada now owns 3,670 shares of the company’s stock worth $173,000 after buying an additional 1,310 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Hawaiian Holdings during the first quarter worth $272,000. Finally, Patten & Patten Inc. TN bought a new stake in shares of Hawaiian Holdings during the second quarter worth $228,000. 88.18% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian Holdings Inc. (NASDAQ:HA) traded down 0.73% during mid-day trading on Friday, reaching $46.36. The company had a trading volume of 1,351,764 shares. Hawaiian Holdings Inc. has a 12 month low of $23.31 and a 12 month high of $50.95. The firm’s 50 day moving average price is $45.87 and its 200-day moving average price is $43.83. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 10.98 and a beta of 1.22.
Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. The firm earned $594.60 million during the quarter, compared to analysts’ expectations of $589.04 million. Equities research analysts anticipate that Hawaiian Holdings Inc. will post $4.94 earnings per share for the current year.
A number of brokerages recently weighed in on HA. Credit Suisse Group AG set a $44.00 price objective on Hawaiian Holdings and gave the company a “hold” rating in a research report on Monday, September 12th. Imperial Capital assumed coverage on Hawaiian Holdings in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $58.00 price target for the company. Bank of America Corp. reiterated a “hold” rating and issued a $47.00 price target on shares of Hawaiian Holdings in a research note on Friday, July 22nd. Argus upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, July 26th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $43.00 price target on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.60.
In related news, insider Mark B. Dunkerley sold 5,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. Following the completion of the transaction, the insider now directly owns 585,644 shares of the company’s stock, valued at approximately $27,818,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William S. Swelbar sold 16,577 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $44.59, for a total value of $739,168.43. Following the transaction, the director now directly owns 12,675 shares of the company’s stock, valued at $565,178.25. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
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.
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