Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 39.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,753 shares of the transportation company’s stock after selling 32,388 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.09% of Hawaiian Holdings worth $2,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HA. Flinton Capital Management LLC raised its position in shares of Hawaiian Holdings by 2.3% during the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after buying an additional 56 shares during the last quarter. Neuburgh Advisers LLC raised its position in shares of Hawaiian Holdings by 2.3% during the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after buying an additional 68 shares during the last quarter. US Bancorp DE raised its position in shares of Hawaiian Holdings by 42.4% during the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Hawaiian Holdings by 67.3% during the first quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock valued at $163,000 after buying an additional 1,416 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Hawaiian Holdings during the first quarter valued at about $209,000. 90.42% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on HA shares. Bank of America Corporation cut their price objective on shares of Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating for the company in a research report on Friday, June 30th. BidaskClub lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Citigroup Inc. dropped their price target on shares of Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. ValuEngine lowered shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $52.00 price target (down previously from $64.00) on shares of Hawaiian Holdings in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.17.

In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the executive vice president now directly owns 197,411 shares of the company’s stock, valued at approximately $7,896,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter R. Ingram sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the sale, the executive vice president now directly owns 199,411 shares in the company, valued at $9,591,669.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,500 shares of company stock valued at $202,030. 2.30% of the stock is owned by corporate insiders.

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Shares of Hawaiian Holdings, Inc. (HA) opened at 40.25 on Friday. Hawaiian Holdings, Inc. has a 1-year low of $39.00 and a 1-year high of $60.90. The company has a market capitalization of $2.16 billion, a PE ratio of 9.79 and a beta of 1.41. The stock’s 50 day moving average is $41.90 and its 200 day moving average is $47.57.

Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million during the quarter, compared to analysts’ expectations of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. On average, equities research analysts anticipate that Hawaiian Holdings, Inc. will post $5.71 EPS for the current fiscal year.

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.

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

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