Flinton Capital Management LLC lifted its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 28.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,356 shares of the transportation company’s stock after purchasing an additional 1,400 shares during the quarter. Flinton Capital Management LLC’s holdings in Hawaiian were worth $253,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Hawaiian by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock valued at $69,371,000 after purchasing an additional 98,308 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Hawaiian by 1,244.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,233,908 shares of the transportation company’s stock valued at $49,171,000 after purchasing an additional 1,142,148 shares during the last quarter. LSV Asset Management raised its position in shares of Hawaiian by 0.9% in the 4th quarter. LSV Asset Management now owns 1,121,927 shares of the transportation company’s stock valued at $44,708,000 after purchasing an additional 10,200 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hawaiian by 13.1% in the 4th quarter. Bank of New York Mellon Corp now owns 818,608 shares of the transportation company’s stock valued at $32,621,000 after purchasing an additional 94,796 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Hawaiian by 34.1% in the 4th quarter. Wells Fargo & Company MN now owns 752,375 shares of the transportation company’s stock valued at $29,981,000 after purchasing an additional 191,209 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Donald J. Carty acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were bought at an average price of $37.79 per share, for a total transaction of $188,950.00. Following the acquisition, the director now owns 18,675 shares of the company’s stock, valued at approximately $705,728.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company’s stock.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Monday, January 29th. The transportation company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hawaiian had a net margin of 13.51% and a return on equity of 36.52%. The firm had revenue of $686.50 million for the quarter, compared to analysts’ expectations of $686.00 million. During the same quarter last year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities analysts expect that Hawaiian Holdings, Inc. will post 5.29 earnings per share for the current fiscal year.
Hawaiian declared that its board has approved a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. Hawaiian’s payout ratio is currently 7.01%.
Several equities analysts recently weighed in on HA shares. BidaskClub upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Imperial Capital increased their price target on shares of Hawaiian from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Argus reiterated a “hold” rating and issued a $61.00 price target on shares of Hawaiian in a report on Thursday, January 11th. ValuEngine upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Stifel Nicolaus increased their price target on shares of Hawaiian from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.42.
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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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