Chicago Equity Partners LLC Acquires 7,190 Shares of Hawaiian Holdings, Inc. (HA)
Chicago Equity Partners LLC increased its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 12.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,315 shares of the transportation company’s stock after purchasing an additional 7,190 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.13% of Hawaiian Holdings worth $2,528,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State of New Jersey Common Pension Fund D bought a new stake in Hawaiian Holdings during the second quarter worth $37,560,000. BlackRock Inc. raised its position in Hawaiian Holdings by 7.5% during the second quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock worth $340,268,000 after acquiring an additional 506,330 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Hawaiian Holdings during the second quarter worth $12,159,000. Shell Asset Management Co. raised its position in Hawaiian Holdings by 664.0% during the third quarter. Shell Asset Management Co. now owns 257,698 shares of the transportation company’s stock worth $3,466,000 after acquiring an additional 223,969 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in Hawaiian Holdings by 125.0% during the second quarter. Macquarie Group Ltd. now owns 401,314 shares of the transportation company’s stock worth $18,842,000 after acquiring an additional 222,922 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.
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In related news, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the stock. Cowen and Company dropped their price objective on shares of Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 26th. Morgan Stanley dropped their price objective on shares of Hawaiian Holdings from $40.00 to $39.00 and set an “underweight” rating on the stock in a research report on Thursday, August 17th. BidaskClub raised shares of Hawaiian Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. Buckingham Research increased their price objective on shares of Hawaiian Holdings from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, ValuEngine lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.58.
Hawaiian Holdings, Inc. (NASDAQ HA) opened at $36.15 on Friday. Hawaiian Holdings, Inc. has a 1 year low of $32.40 and a 1 year high of $60.90. The company has a market cap of $1,896.86, a PE ratio of 6.21, a P/E/G ratio of 2.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The business had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. During the same period last year, the firm earned $1.91 earnings per share. Hawaiian Holdings’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts anticipate that Hawaiian Holdings, Inc. will post 5.55 EPS for the current year.
The firm also recently declared a special dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 16th.
Hawaiian Holdings 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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