BNP Paribas Arbitrage SA decreased its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,356 shares of the transportation company’s stock after selling 3,557 shares during the quarter. BNP Paribas Arbitrage SA owned 0.14% of Hawaiian Holdings worth $2,717,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of Hawaiian Holdings by 19.1% in the third quarter. Alps Advisors Inc. now owns 11,882 shares of the transportation company’s stock valued at $446,000 after buying an additional 1,906 shares during the period. Breton Hill Capital Ltd. increased its position in Hawaiian Holdings by 23.3% during the 3rd quarter. Breton Hill Capital Ltd. now owns 21,372 shares of the transportation company’s stock valued at $803,000 after purchasing an additional 4,040 shares during the period. Hodges Capital Management Inc. acquired a new stake in Hawaiian Holdings during the 3rd quarter valued at approximately $15,463,000. Prudential Financial Inc. increased its position in Hawaiian Holdings by 370.3% during 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. Finally, New Amsterdam Partners LLC NY increased its position in Hawaiian Holdings by 1.7% during the 3rd quarter. New Amsterdam Partners LLC NY now owns 206,567 shares of the transportation company’s stock valued at $7,757,000 after purchasing an additional 3,508 shares during the period. 92.97% of the stock is owned by hedge funds and other institutional investors.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the executive vice president now directly owns 197,411 shares of the company’s stock, valued at approximately $7,896,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.
A number of equities analysts have issued reports on HA shares. ValuEngine cut Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Buckingham Research upgraded Hawaiian Holdings from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, November 16th. Cowen and Company reissued a “hold” rating and issued a $47.00 price target on shares of Hawaiian Holdings in a research report on Friday, September 1st. Stifel Nicolaus raised Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a research report on Friday, July 28th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $52.00 price target (down from $64.00) on shares of Hawaiian Holdings in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Hawaiian Holdings currently has a consensus rating of “Hold” and a consensus target price of $47.58.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $37.95 on Tuesday. The stock has a market capitalization of $1,980.00, a PE ratio of 6.46, a PEG ratio of 3.00 and a beta of 1.42. 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 Holdings, Inc. has a 12-month low of $32.40 and a 12-month high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.07. The company had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian Holdings had a return on equity of 41.49% and a net margin of 7.67%. Hawaiian Holdings’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 EPS. sell-side analysts forecast that Hawaiian Holdings, Inc. will post 5.55 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 16th. Hawaiian Holdings’s payout ratio is 13.33%.
About Hawaiian Holdings
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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