Fiera Capital Corp trimmed its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 10.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 909,715 shares of the transportation company’s stock after selling 105,232 shares during the period. Fiera Capital Corp owned 1.70% of Hawaiian Holdings worth $42,711,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Hawaiian Holdings by 89,830.1% in the 1st quarter. BlackRock Inc. now owns 6,741,157 shares of the transportation company’s stock valued at $313,127,000 after acquiring an additional 6,733,661 shares during the last quarter. Vanguard Group Inc. raised its position in Hawaiian Holdings by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 6,405,780 shares of the transportation company’s stock worth $297,549,000 after purchasing an additional 541,715 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hawaiian Holdings by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,730,167 shares of the transportation company’s stock worth $80,366,000 after purchasing an additional 35,723 shares during the last quarter. State Street Corp raised its position in Hawaiian Holdings by 4.2% during the 1st quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock worth $62,980,000 after purchasing an additional 55,043 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Hawaiian Holdings during the 2nd quarter worth $37,560,000. Institutional investors own 90.42% of the company’s stock.
Several research analysts recently issued reports on HA shares. Bank of America Corporation lowered their target price on Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating for the company in a research report on Friday, June 30th. BidaskClub lowered Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Citigroup Inc. lowered their target price on Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. ValuEngine lowered Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 target price (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, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.17.
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Shares of Hawaiian Holdings, Inc. (NASDAQ HA) traded up 2.27% during mid-day trading on Wednesday, reaching $40.50. The company’s stock had a trading volume of 249,673 shares. Hawaiian Holdings, Inc. has a 12 month low of $39.45 and a 12 month high of $60.90. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 9.85 and a beta of 1.41. The company’s 50-day moving average is $42.20 and its 200 day moving average is $47.80.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $675.33 million during 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 company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 earnings per share. On average, equities analysts anticipate that Hawaiian Holdings, Inc. will post $5.71 EPS for the current year.
In related news, EVP Peter R. Ingram sold 2,500 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $48.10, for a total value of $120,250.00. Following the completion of the transaction, the executive vice president now directly owns 199,411 shares of the company’s stock, valued at $9,591,669.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donald J. Carty purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was bought at an average cost of $47.10 per share, with a total value of $141,300.00. Following the completion of the purchase, the director now owns 13,675 shares of the company’s stock, valued at $644,092.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 7,500 shares of company stock valued at $346,870. 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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