OxFORD Asset Management LLP Acquires 5,225 Shares of Hawaiian Holdings, Inc. (HA)
OxFORD Asset Management LLP lifted its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,733 shares of the transportation company’s stock after buying an additional 5,225 shares during the period. OxFORD Asset Management LLP owned about 0.13% of Hawaiian worth $2,466,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Hawaiian by 7.5% in the 2nd quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after purchasing an additional 506,330 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hawaiian by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock valued at $305,306,000 after purchasing an additional 96,996 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hawaiian by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock valued at $69,371,000 after purchasing an additional 98,308 shares during the period. State Street Corp raised its holdings in shares of Hawaiian by 1.7% in the 2nd 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 during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Hawaiian by 370.3% in the 3rd quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock valued at $36,864,000 after purchasing an additional 772,990 shares during the period. Institutional investors own 93.86% of the company’s stock.
Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $40.05 on Wednesday. Hawaiian Holdings, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $60.90. The company has a market cap of $2,106.74, a P/E ratio of 6.90, a PEG ratio of 3.15 and a beta of 1.51. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.
Hawaiian (NASDAQ:HA) last announced its earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The company had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. During the same period last year, the firm earned $1.91 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts predict that Hawaiian Holdings, Inc. will post 5.64 EPS for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 16th. Hawaiian’s dividend payout ratio is presently 12.77%.
Hawaiian announced that its board has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
Several research firms have weighed in on HA. Morgan Stanley lowered their price target on shares of Hawaiian from $40.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, August 17th. Cowen reissued a “hold” rating and issued a $47.00 price target on shares of Hawaiian in a report on Friday, September 1st. ValuEngine cut shares of Hawaiian from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. BidaskClub raised shares of Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Bank of America reissued an “underperform” rating and issued a $38.00 price target (down from $43.00) on shares of Hawaiian in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.36.
In other news, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total transaction of $40,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.
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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