Bessemer Group Inc. Has $2,169,000 Stake in Hawaiian Holdings, Inc. (HA)

Bessemer Group Inc. held its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the second quarter, Holdings Channel reports. The institutional investor owned 46,200 shares of the transportation company’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Hawaiian Holdings were worth $2,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Flinton Capital Management LLC increased its position in Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock worth $116,000 after buying an additional 56 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Hawaiian Holdings during the first quarter worth about $127,000. First Mercantile Trust Co. increased its position in Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock worth $137,000 after buying an additional 434 shares during the last quarter. Neuburgh Advisers LLC increased its position in Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock worth $141,000 after buying an additional 68 shares during the last quarter. Finally, US Bancorp DE increased its position in Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock worth $158,000 after buying an additional 1,012 shares during the last quarter. 91.92% of the stock is owned by institutional investors.

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 42.45 on Thursday. The company has a market capitalization of $2.27 billion, a P/E ratio of 10.33 and a beta of 1.38. The company has a 50-day moving average of $45.15 and a 200 day moving average of $49.27. Hawaiian Holdings, Inc. has a 12 month low of $39.45 and a 12 month high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. Analysts forecast that Hawaiian Holdings, Inc. will post $5.76 EPS for the current year.

Hawaiian Holdings declared that its board has initiated a share repurchase plan on Thursday, April 20th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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A number of research firms have recently issued reports on HA. Deutsche Bank AG downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating and reduced their price target for the stock from $63.00 to $59.00 in a research report on Thursday, June 8th. Buckingham Research upgraded shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $63.00 in a research report on Friday, April 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, May 17th. Citigroup Inc. raised their price target on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Finally, Stifel Nicolaus downgraded shares of Hawaiian Holdings from a “hold” rating to a “sell” rating and reduced their price target for the stock from $60.00 to $40.00 in a research report on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.25.

In other Hawaiian Holdings news, Director Donald J. Carty bought 5,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $53.31 per share, for a total transaction of $266,550.00. Following the transaction, the director now owns 5,675 shares in the company, valued at approximately $302,534.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark B. Dunkerley sold 18,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $53.71, for a total transaction of $966,780.00. Following the transaction, the insider now owns 357,942 shares in the company, valued at $19,225,064.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,000 shares of company stock worth $2,649,460. 2.30% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding HA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Holdings, Inc. (NASDAQ:HA).

Institutional Ownership by Quarter for Hawaiian Holdings (NASDAQ:HA)

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