Hawaiian Holdings, Inc. (HA) Stake Increased by Wells Fargo & Company MN
Wells Fargo & Company MN lifted its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 219.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 561,166 shares of the transportation company’s stock after buying an additional 385,337 shares during the quarter. Wells Fargo & Company MN owned about 1.07% of Hawaiian worth $21,072,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Strs Ohio raised its position in Hawaiian by 40.0% in the 2nd quarter. Strs Ohio now owns 8,400 shares of the transportation company’s stock valued at $394,000 after purchasing an additional 2,400 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Hawaiian in the 2nd quarter valued at $240,000. Schwab Charles Investment Management Inc. raised its position in Hawaiian by 4.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 280,705 shares of the transportation company’s stock valued at $13,180,000 after purchasing an additional 12,136 shares during the last quarter. Arizona State Retirement System raised its position in Hawaiian by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 27,997 shares of the transportation company’s stock valued at $1,314,000 after purchasing an additional 200 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Hawaiian by 49.6% in the 2nd quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock valued at $243,000 after purchasing an additional 1,716 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
A number of equities analysts have commented on the stock. Buckingham Research downgraded shares of Hawaiian from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Tuesday, September 26th. Cowen restated a “hold” rating and set a $47.00 price objective on shares of Hawaiian in a research report on Friday, September 1st. ValuEngine upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Bank of America restated an “underperform” rating and set a $38.00 price objective (down previously from $43.00) on shares of Hawaiian in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.36.
Shares of Hawaiian Holdings, Inc. (NASDAQ HA) opened at $40.05 on Monday. The company has a market cap of $2,100.00, a PE ratio of 6.88, a P/E/G ratio of 3.14 and a beta of 1.51. Hawaiian Holdings, Inc. has a 12 month low of $32.40 and a 12 month high of $60.90. 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 (NASDAQ:HA) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.91 EPS. equities analysts anticipate that Hawaiian Holdings, Inc. will post 5.64 earnings per share for the current year.
The company also recently announced a special dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 16th. Hawaiian’s dividend payout ratio (DPR) is 13.33%.
Hawaiian declared that its Board of Directors has authorized a stock buyback program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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Hawaiian 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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