Barings LLC Continues to Hold Stake in Hawaiian Holdings, Inc. (HA)
Barings LLC continued to hold its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,600 shares of the transportation company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Hawaiian Holdings were worth $446,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Flinton Capital Management LLC lifted its position in shares of Hawaiian Holdings by 80.9% in the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 2,016 shares in the last quarter. AHL Partners LLP lifted its position in shares of Hawaiian Holdings by 227.5% in the 2nd quarter. AHL Partners LLP now owns 118,076 shares of the transportation company’s stock valued at $5,544,000 after acquiring an additional 82,019 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Hawaiian Holdings in the 2nd quarter valued at approximately $3,287,000. HighTower Advisors LLC lifted its position in shares of Hawaiian Holdings by 0.7% in the 2nd quarter. HighTower Advisors LLC now owns 54,873 shares of the transportation company’s stock valued at $2,566,000 after acquiring an additional 387 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Hawaiian Holdings by 1,229.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 196,700 shares of the transportation company’s stock valued at $9,235,000 after acquiring an additional 181,900 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.
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Several research analysts have weighed in on HA shares. Zacks Investment Research lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Buckingham Research lowered shares of Hawaiian Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, September 26th. BidaskClub lowered shares of Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stifel Nicolaus upgraded shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a research note on Friday, July 28th. Finally, Cowen and Company reiterated a “hold” rating and issued a $47.00 price objective on shares of Hawaiian Holdings in a research note on Friday, September 1st. Four investment 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. Hawaiian Holdings currently has a consensus rating of “Hold” and an average target price of $47.58.
Hawaiian Holdings, Inc. (HA) opened at 38.95 on Tuesday. The stock’s 50 day moving average is $39.75 and its 200 day moving average is $46.12. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 9.47 and a beta of 1.42. Hawaiian Holdings, Inc. has a 52 week low of $36.20 and a 52 week high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Equities research analysts expect that Hawaiian Holdings, Inc. will post $5.55 EPS for the current year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 16th.
In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total value 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 legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 3,000 shares of company stock worth $122,430. 2.30% of the stock is currently owned by insiders.
About Hawaiian Holdings
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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