Municipal Employees Retirement System of Michigan Boosts Stake in Hawaiian Holdings, Inc. (HA)
Municipal Employees Retirement System of Michigan lifted its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 38.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,800 shares of the transportation company’s stock after buying an additional 7,450 shares during the quarter. Municipal Employees Retirement System of Michigan owned about 0.05% of Hawaiian Holdings worth $1,006,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Consulate Inc. raised its stake in Hawaiian Holdings by 33.3% in the third quarter. Financial Consulate Inc. now owns 55,023 shares of the transportation company’s stock valued at $2,066,000 after purchasing an additional 13,756 shares in the last quarter. Shell Asset Management Co. raised its stake in Hawaiian Holdings by 664.0% in the third quarter. Shell Asset Management Co. now owns 257,698 shares of the transportation company’s stock valued at $3,466,000 after purchasing an additional 223,969 shares in the last quarter. First Quadrant L P CA raised its stake in Hawaiian Holdings by 170.7% in the second quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 3,073 shares in the last quarter. State Street Corp raised its stake in Hawaiian Holdings by 1.7% in the second quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock valued at $64,737,000 after purchasing an additional 23,076 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Hawaiian Holdings by 4.7% in the second quarter. Teachers Advisors LLC now owns 445,506 shares of the transportation company’s stock valued at $20,917,000 after purchasing an additional 20,201 shares in the last quarter. 92.97% of the stock is owned by institutional investors.
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In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.
Hawaiian Holdings, Inc. (HA) opened at $38.60 on Friday. Hawaiian Holdings, Inc. has a 12-month low of $32.40 and a 12-month high of $60.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $2,025.41, a PE ratio of 6.63, a price-to-earnings-growth ratio of 3.08 and a beta of 1.42.
Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share (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 Holdings had a return on equity of 41.49% and a net margin of 7.67%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.91 earnings per share. equities research analysts forecast that Hawaiian Holdings, Inc. will post 5.55 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 16th. Hawaiian Holdings’s dividend payout ratio (DPR) is currently 12.77%.
A number of research firms have issued reports on HA. Buckingham Research reiterated a “buy” rating on shares of Hawaiian Holdings in a research report on Thursday. BidaskClub cut Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stifel Nicolaus upgraded Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research report on Friday, July 28th. Cowen Inc reiterated a “hold” rating and issued a $47.00 target price on shares of Hawaiian Holdings in a research report on Friday, September 1st. Finally, ValuEngine upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.58.
Hawaiian Holdings 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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