Cannell Peter B & Co. Inc. Buys New Stake in Hawaiian Holdings, Inc. (HA)

Cannell Peter B & Co. Inc. bought a new stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 267,050 shares of the transportation company’s stock, valued at approximately $10,335,000. Cannell Peter B & Co. Inc. owned approximately 0.53% of Hawaiian as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Hawaiian by 34.1% during the fourth 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 in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Hawaiian in the fourth quarter valued at about $259,000. Flinton Capital Management LLC lifted its position in shares of Hawaiian by 28.2% in the fourth quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock valued at $253,000 after acquiring an additional 1,400 shares in the last quarter. LSV Asset Management lifted its position in shares of Hawaiian by 0.9% in the fourth quarter. LSV Asset Management now owns 1,121,927 shares of the transportation company’s stock valued at $44,708,000 after acquiring an additional 10,200 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Hawaiian by 217.3% in the fourth quarter. Arizona State Retirement System now owns 88,186 shares of the transportation company’s stock valued at $3,514,000 after acquiring an additional 60,389 shares in the last quarter. Institutional investors own 85.66% of the company’s stock.

Shares of Hawaiian opened at $39.20 on Tuesday, according to MarketBeat. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. Hawaiian Holdings, Inc. has a 1-year low of $32.40 and a 1-year high of $59.45. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 6.95 and a beta of 1.52.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, April 24th. The transportation company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.30. The firm had revenue of $665.40 million for the quarter, compared to analysts’ expectations of $652.95 million. Hawaiian had a return on equity of 35.10% and a net margin of 12.95%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. analysts predict that Hawaiian Holdings, Inc. will post 5.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.22%. Hawaiian’s dividend payout ratio is 8.51%.

Several equities analysts have recently commented on the company. ValuEngine downgraded Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 9th. Bank of America lowered their price objective on Hawaiian from $45.00 to $43.00 and set an “underperform” rating on the stock in a research report on Friday, May 4th. Imperial Capital lowered their price objective on Hawaiian from $82.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, May 7th. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. Finally, Buckingham Research boosted their price objective on Hawaiian from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $50.50.

In other Hawaiian news, Director Donald J. Carty bought 5,000 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average price of $37.79 per share, with a total value of $188,950.00. Following the completion of the purchase, the director now owns 18,675 shares in the company, valued at approximately $705,728.25. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hawaiian 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.

Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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