QS Investors LLC Sells 4,246 Shares of Hawaiian Holdings, Inc. (HA)
QS Investors LLC lowered its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 2.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,183 shares of the transportation company’s stock after selling 4,246 shares during the quarter. QS Investors LLC owned approximately 0.28% of Hawaiian Holdings worth $7,004,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Hawaiian Holdings 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 buying an additional 506,330 shares in the last quarter. Vanguard Group Inc. lifted its stake in Hawaiian Holdings 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 buying an additional 96,996 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hawaiian Holdings by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,749,163 shares of the transportation company’s stock valued at $82,122,000 after buying an additional 18,996 shares in the last quarter. State Street Corp lifted its stake in Hawaiian Holdings by 4.2% in the 1st quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock valued at $62,980,000 after buying an additional 55,043 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Hawaiian Holdings in the 2nd quarter valued at approximately $37,560,000. 90.42% of the stock is currently owned by hedge funds and other institutional investors.
Hawaiian Holdings, Inc. (HA) traded up 1.62% during mid-day trading on Friday, hitting $37.55. The stock had a trading volume of 1,410,815 shares. The firm’s 50-day moving average is $41.70 and its 200 day moving average is $47.38. The stock has a market cap of $2.01 billion, a PE ratio of 9.13 and a beta of 1.41. Hawaiian Holdings, Inc. has a one year low of $36.70 and a one year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm had revenue of $675.33 million during the quarter, compared to analyst estimates of $676.59 million. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Hawaiian Holdings, Inc. will post $5.60 EPS for the current year.
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HA has been the subject of several analyst reports. Deutsche Bank AG downgraded Hawaiian Holdings from a “buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $59.00 in a report on Thursday, June 8th. Citigroup Inc. boosted their price target on Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Stifel Nicolaus downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating and cut their price target for the company from $60.00 to $40.00 in a report on Wednesday, June 14th. Imperial Capital reiterated an “outperform” rating and issued a $74.00 price target on shares of Hawaiian Holdings in a report on Thursday, July 27th. Finally, Macquarie initiated coverage on Hawaiian Holdings in a report on Monday, September 25th. They issued an “outperform” rating and a $49.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.08.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction on Monday, July 10th. The shares were sold at an average price of $48.10, for a total transaction of $120,250.00. Following the completion of the sale, the executive vice president now owns 199,411 shares of the company’s stock, valued at approximately $9,591,669.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $41.78, for a total transaction of $41,780.00. Following the sale, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at approximately $8,289,611.58. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $202,030 in the last ninety days. Company insiders own 2.30% of the company’s stock.
Hawaiian Holdings 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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