ClariVest Asset Management LLC Cuts Stake in Hawaiian Holdings, Inc. (HA)
ClariVest Asset Management LLC decreased its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,976 shares of the transportation company’s stock after selling 57 shares during the period. ClariVest Asset Management LLC’s holdings in Hawaiian Holdings were worth $3,989,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its position in Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock worth $116,000 after buying an additional 56 shares during the period. Americafirst Capital Management LLC purchased a new position in Hawaiian Holdings during the first quarter worth about $127,000. First Mercantile Trust Co. boosted its position in Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock worth $137,000 after buying an additional 434 shares during the period. Neuburgh Advisers LLC boosted its position in Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock worth $141,000 after buying an additional 68 shares during the period. Finally, US Bancorp DE boosted its position in Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock worth $158,000 after buying an additional 1,012 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.
Hawaiian Holdings, Inc. (HA) opened at 42.75 on Wednesday. Hawaiian Holdings, Inc. has a one year low of $39.45 and a one year high of $60.90. The stock has a 50 day moving average price of $44.60 and a 200 day moving average price of $48.93. The company has a market cap of $2.29 billion, a PE ratio of 10.40 and a beta of 1.38.
Hawaiian Holdings (NASDAQ:HA) last posted its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The company had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. During the same quarter in the prior year, the business posted $1.21 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Hawaiian Holdings, Inc. will post $5.76 EPS for the current fiscal year.
Hawaiian Holdings announced that its Board of Directors has initiated a share buyback program on Thursday, April 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
A number of research firms have issued reports on HA. Morgan Stanley reiterated an “underweight” rating and set a $41.00 target price (up previously from $40.00) on shares of Hawaiian Holdings in a report on Monday, July 10th. Credit Suisse Group began coverage on Hawaiian Holdings in a report on Monday, June 5th. They set an “outperform” rating and a $45.00 target price for the company. Cowen and Company lowered their target price on Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday, July 26th. Citigroup Inc. reiterated a “neutral” rating and set a $57.00 target price (up previously from $56.00) on shares of Hawaiian Holdings in a report on Saturday, April 22nd. Finally, Stifel Nicolaus cut Hawaiian Holdings from a “hold” rating to a “sell” rating and lowered their target price for the stock from $60.00 to $40.00 in a report on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.25.
In other Hawaiian Holdings news, insider Mark B. Dunkerley sold 19,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total value of $1,081,290.00. Following the completion of the sale, the insider now directly owns 352,942 shares of the company’s stock, valued at approximately $20,085,929.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $41.78, for a total transaction of $41,780.00. Following the completion of the sale, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at $8,289,611.58. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $1,724,460 in the last 90 days. 2.30% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding HA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Holdings, Inc. (NASDAQ:HA).
Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.