California State Teachers Retirement System lowered its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 9.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 84,898 shares of the transportation company’s stock after selling 9,004 shares during the period. California State Teachers Retirement System’s holdings in Hawaiian were worth $3,188,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Pinebridge Investments L.P. increased its position in Hawaiian by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock worth $331,000 after purchasing an additional 95 shares in the last quarter. Suntrust Banks Inc. increased its position in Hawaiian by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 9,507 shares of the transportation company’s stock worth $446,000 after purchasing an additional 102 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Hawaiian by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,713 shares of the transportation company’s stock worth $1,911,000 after purchasing an additional 214 shares in the last quarter. Amalgamated Bank increased its position in Hawaiian by 4.8% during the 2nd quarter. Amalgamated Bank now owns 7,315 shares of the transportation company’s stock worth $343,000 after purchasing an additional 332 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its position in Hawaiian by 0.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 42,502 shares of the transportation company’s stock worth $1,995,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

A number of analysts recently commented on HA shares. ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, November 16th. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price objective on shares of Hawaiian in a research report on Tuesday, October 24th. Zacks Investment Research raised Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Hawaiian presently has a consensus rating of “Hold” and an average target price of $46.36.

Shares of Hawaiian Holdings, Inc. (NASDAQ HA) opened at $37.75 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. Hawaiian Holdings, Inc. has a 52 week low of $32.40 and a 52 week high of $59.45. The stock has a market capitalization of $1,980.00, a PE ratio of 10.49, a price-to-earnings-growth ratio of 3.93 and a beta of 1.52.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The firm had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. During the same period last year, the company earned $1.91 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts predict that Hawaiian Holdings, Inc. will post 5.64 earnings per share for the current year.

Hawaiian declared that its board has authorized a stock repurchase plan on Tuesday, December 5th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Hawaiian 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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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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