Capital Fund Management S.A. cut its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 24.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,380 shares of the transportation company’s stock after selling 5,414 shares during the quarter. Capital Fund Management S.A.’s holdings in Hawaiian were worth $589,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. US Bancorp DE grew its position in shares of Hawaiian by 77.1% in the 1st quarter. US Bancorp DE now owns 3,456 shares of the transportation company’s stock worth $134,000 after acquiring an additional 1,505 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Hawaiian in the 1st quarter worth approximately $232,000. Stevens Capital Management LP acquired a new position in shares of Hawaiian in the 2nd quarter worth approximately $244,000. Sei Investments Co. grew its position in shares of Hawaiian by 206.6% in the 1st quarter. Sei Investments Co. now owns 8,379 shares of the transportation company’s stock worth $324,000 after acquiring an additional 5,646 shares in the last quarter. Finally, Neuburgh Advisers LLC grew its position in shares of Hawaiian by 18.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 9,112 shares of the transportation company’s stock worth $328,000 after acquiring an additional 1,394 shares in the last quarter. Institutional investors own 84.84% of the company’s stock.
NASDAQ:HA opened at $38.75 on Monday. Hawaiian Holdings, Inc. has a 12-month low of $32.40 and a 12-month high of $44.25. The company has a market cap of $1.94 billion, a P/E ratio of 6.90 and a beta of 1.30. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.63.
Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.18. Hawaiian had a return on equity of 32.45% and a net margin of 12.73%. The business had revenue of $715.45 million during the quarter, compared to analyst estimates of $716.52 million. During the same quarter in the previous year, the firm posted $1.49 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities analysts expect that Hawaiian Holdings, Inc. will post 5.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.24%. Hawaiian’s dividend payout ratio is currently 8.51%.
HA has been the subject of several research reports. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Deutsche Bank reiterated a “hold” rating on shares of Hawaiian in a research report on Thursday, July 26th. Stifel Nicolaus decreased their target price on Hawaiian from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, July 25th. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Finally, Citigroup reduced their price objective on Hawaiian from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, May 29th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Hawaiian has an average rating of “Hold” and a consensus target price of $47.82.
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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