Los Angeles Capital Management & Equity Research Inc. Lowers Stake in Hawaiian Holdings, Inc. (HA)
Los Angeles Capital Management & Equity Research Inc. lessened its holdings in Hawaiian Holdings, Inc. (NASDAQ:HA) by 75.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,355 shares of the transportation company’s stock after selling 22,409 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Hawaiian were worth $264,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in HA. Principal Financial Group Inc. lifted its position in shares of Hawaiian by 47.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,054,140 shares of the transportation company’s stock worth $79,496,000 after purchasing an additional 660,512 shares during the period. Dimensional Fund Advisors LP lifted its position in Hawaiian by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,364,574 shares of the transportation company’s stock valued at $91,509,000 after acquiring an additional 401,783 shares during the last quarter. Third Avenue Management LLC purchased a new stake in Hawaiian during the second quarter valued at approximately $14,340,000. Cannell Peter B & Co. Inc. purchased a new stake in Hawaiian during the first quarter valued at approximately $10,335,000. Finally, Matarin Capital Management LLC purchased a new stake in Hawaiian during the first quarter valued at approximately $7,617,000. 88.33% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Deutsche Bank reissued a “hold” rating on shares of Hawaiian in a research report on Thursday, July 26th. Stifel Nicolaus decreased their target price on shares of Hawaiian from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, July 25th. Finally, Morgan Stanley decreased their target price on shares of Hawaiian from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Thursday, July 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Hawaiian has an average rating of “Hold” and an average price target of $49.27.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.18. The business had revenue of $715.45 million during the quarter, compared to analysts’ expectations of $716.52 million. Hawaiian had a net margin of 12.73% and a return on equity of 32.45%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.49 earnings per share. equities analysts anticipate that Hawaiian Holdings, Inc. will post 5.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.16%. Hawaiian’s dividend payout ratio is currently 8.51%.
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.
Further Reading: Understanding Analyst Ratings
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