Dupont Capital Management Corp increased its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 113.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,681 shares of the transportation company’s stock after acquiring an additional 14,207 shares during the period. Dupont Capital Management Corp owned approximately 0.05% of Hawaiian worth $1,033,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HA. HL Financial Services LLC purchased a new position in Hawaiian in the first quarter valued at approximately $3,809,000. Elkfork Partners LLC purchased a new position in Hawaiian in the fourth quarter valued at approximately $199,000. MetLife Investment Advisors LLC purchased a new position in Hawaiian in the fourth quarter valued at approximately $893,000. Gotham Asset Management LLC raised its holdings in Hawaiian by 20.0% in the fourth quarter. Gotham Asset Management LLC now owns 356,495 shares of the transportation company’s stock valued at $14,206,000 after buying an additional 59,369 shares during the period. Finally, Vident Investment Advisory LLC raised its holdings in Hawaiian by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 54,341 shares of the transportation company’s stock valued at $2,165,000 after buying an additional 3,311 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.
HA opened at $37.25 on Friday. The company has a market cap of $1.84 billion, a PE ratio of 6.60 and a beta of 1.52. Hawaiian Holdings, Inc. has a 52-week low of $37.00 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, April 24th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.30. The company had revenue of $665.40 million for the quarter, compared to analyst estimates of $652.95 million. Hawaiian had a net margin of 12.95% and a return on equity of 35.10%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. equities research analysts predict that Hawaiian Holdings, Inc. will post 5.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.29%. Hawaiian’s dividend payout ratio (DPR) is presently 8.51%.
Several research firms recently commented on HA. ValuEngine lowered shares of Hawaiian from a “sell” rating to a “strong sell” rating in a report on Wednesday. Imperial Capital cut their price target on shares of Hawaiian from $82.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, May 7th. Bank of America cut their price target on shares of Hawaiian from $45.00 to $43.00 and set an “underperform” rating on the stock in a report on Friday, May 4th. Buckingham Research lowered shares of Hawaiian from a “buy” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research note on Friday, May 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Hawaiian from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.50.
In related news, Director Donald J. Carty purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average price of $37.79 per share, for a total transaction of $188,950.00. Following the completion of the purchase, the director now owns 18,675 shares in the company, valued at $705,728.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.
Hawaiian Company Profile
Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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