BNP Paribas Arbitrage SA cut its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,356 shares of the transportation company’s stock after selling 3,557 shares during the period. BNP Paribas Arbitrage SA owned 0.14% of Hawaiian worth $2,717,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HA. FMR LLC lifted its position in shares of Hawaiian by 6.6% during the 1st quarter. FMR LLC now owns 239,400 shares of the transportation company’s stock worth $11,120,000 after buying an additional 14,900 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Hawaiian by 224.6% during the 2nd quarter. Bank of Montreal Can now owns 250,133 shares of the transportation company’s stock worth $11,744,000 after buying an additional 173,081 shares in the last quarter. Aperio Group LLC lifted its position in shares of Hawaiian by 3.3% during the 2nd quarter. Aperio Group LLC now owns 17,683 shares of the transportation company’s stock worth $830,000 after buying an additional 557 shares in the last quarter. First Quadrant L P CA lifted its position in shares of Hawaiian by 170.7% during the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock worth $229,000 after buying an additional 3,073 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Hawaiian by 214.7% during the 2nd quarter. Acadian Asset Management LLC now owns 286,192 shares of the transportation company’s stock worth $13,436,000 after buying an additional 195,252 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.
Hawaiian Holdings, Inc. (HA) traded down $0.25 on Wednesday, hitting $39.60. 1,326,830 shares of the stock were exchanged, compared to its average volume of 1,043,309. The stock has a market cap of $2,230.05, a price-to-earnings ratio of 7.30, a P/E/G ratio of 3.39 and a beta of 1.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90. Hawaiian Holdings, Inc. has a 12-month low of $32.40 and a 12-month high of $60.90.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $719.56 million during the quarter, compared to analyst estimates of $721.00 million. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. research analysts forecast that Hawaiian Holdings, Inc. will post 5.55 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 16th. Hawaiian’s dividend payout ratio (DPR) is currently 12.77%.
Hawaiian announced that its board has authorized a stock repurchase program on Tuesday, December 5th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Several equities analysts have commented on the stock. ValuEngine raised shares of Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Buckingham Research restated a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Imperial Capital raised their price target on shares of Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BidaskClub lowered shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Hawaiian currently has a consensus rating of “Hold” and an average price target of $46.36.
In other news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.
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Hawaiian 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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