BlackRock Advisors LLC raised its position in Hawaiian Holdings Inc. (NASDAQ:HA) by 100.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,553 shares of the company’s stock after buying an additional 73,418 shares during the period. BlackRock Advisors LLC owned 0.27% of Hawaiian Holdings worth $5,563,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HA. Princeton Alpha Management LP purchased a new position in Hawaiian Holdings during the second quarter worth $592,000. Emerald Acquisition Ltd. purchased a new position in Hawaiian Holdings during the second quarter worth $15,873,000. State Street Corp raised its position in Hawaiian Holdings by 2.0% in the first quarter. State Street Corp now owns 1,026,827 shares of the company’s stock worth $48,458,000 after buying an additional 19,954 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Hawaiian Holdings by 72.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 18,400 shares of the company’s stock worth $868,000 after buying an additional 7,730 shares during the period. Finally, UBS Group AG raised its position in Hawaiian Holdings by 56.3% in the first quarter. UBS Group AG now owns 41,497 shares of the company’s stock worth $1,958,000 after buying an additional 14,939 shares during the period. Institutional investors and hedge funds own 88.19% of the company’s stock.
Hawaiian Holdings Inc. (NASDAQ:HA) opened at 48.89 on Friday. The firm has a market cap of $2.61 billion, a P/E ratio of 11.57 and a beta of 1.30. The company has a 50-day moving average of $47.95 and a 200 day moving average of $44.34. Hawaiian Holdings Inc. has a 52 week low of $28.40 and a 52 week high of $51.53.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The firm earned $594.60 million during the quarter, compared to the consensus estimate of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. On average, equities analysts predict that Hawaiian Holdings Inc. will post $4.94 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Vetr raised Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Monday, June 27th. Deutsche Bank AG raised Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, June 27th. They noted that the move was a valuation call. Bank of America Corp. reissued a “hold” rating and issued a $47.00 target price on shares of Hawaiian Holdings in a report on Friday, July 22nd. Finally, Cowen and Company raised their target price on Hawaiian Holdings from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.00.
In other news, CEO Mark B. Dunkerley sold 8,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $50.26, for a total value of $402,080.00. Following the completion of the transaction, the chief executive officer now owns 567,644 shares of the company’s stock, valued at $28,529,787.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $45.97, for a total value of $1,221,974.54. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
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