Hawaiian Holdings, Inc. (HA) Shares Bought by Summit Global Investments
Summit Global Investments raised its holdings in Hawaiian Holdings, Inc. (NASDAQ:HA) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,200 shares of the transportation company’s stock after acquiring an additional 1,700 shares during the quarter. Summit Global Investments’ holdings in Hawaiian were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bell Rock Capital LLC purchased a new stake in Hawaiian during the third quarter valued at about $122,000. First Hawaiian Bank purchased a new stake in Hawaiian during the third quarter valued at about $146,000. Cadinha & Co. LLC purchased a new stake in Hawaiian during the third quarter valued at about $200,000. Verition Fund Management LLC purchased a new stake in Hawaiian during the third quarter valued at about $233,000. Finally, Stevens Capital Management LP purchased a new stake in Hawaiian during the second quarter valued at about $244,000. 88.16% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on HA. Cowen dropped their target price on Hawaiian from $41.00 to $39.00 and set a “market perform” rating on the stock in a report on Tuesday, October 9th. Buckingham Research upped their target price on Hawaiian from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 7th. Deutsche Bank dropped their target price on Hawaiian from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Finally, Macquarie set a $45.00 target price on Hawaiian and gave the company a “buy” rating in a report on Wednesday, October 24th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Hawaiian currently has an average rating of “Hold” and a consensus price target of $41.92.
Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.17. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The firm had revenue of $759.10 million for the quarter, compared to the consensus estimate of $762.00 million. During the same quarter in the prior year, the company posted $1.92 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Hawaiian Holdings, Inc. will post 5.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.64%. Hawaiian’s dividend payout ratio is currently 8.51%.
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Hawaiian Company Profile
Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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