JPMorgan Chase & Co. lessened its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,362 shares of the transportation company’s stock after selling 5,774 shares during the period. JPMorgan Chase & Co.’s holdings in Hawaiian were worth $7,031,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in HA. Aperio Group LLC lifted its holdings in shares of Hawaiian by 7.6% during the 2nd quarter. Aperio Group LLC now owns 19,491 shares of the transportation company’s stock valued at $701,000 after purchasing an additional 1,370 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Hawaiian by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 603,175 shares of the transportation company’s stock valued at $21,683,000 after acquiring an additional 8,721 shares in the last quarter. First Trust Advisors LP lifted its stake in Hawaiian by 46.3% in the 2nd quarter. First Trust Advisors LP now owns 85,520 shares of the transportation company’s stock valued at $3,074,000 after acquiring an additional 27,071 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Hawaiian in the 2nd quarter valued at approximately $386,000. Finally, Rhumbline Advisers lifted its stake in Hawaiian by 3.6% in the 2nd quarter. Rhumbline Advisers now owns 124,503 shares of the transportation company’s stock valued at $4,476,000 after acquiring an additional 4,295 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.
Several equities research analysts have commented on the company. Wolfe Research cut Hawaiian from an “outperform” rating to a “market perform” rating in a research note on Friday, December 7th. Imperial Capital cut their target price on Hawaiian from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, December 10th. They noted that the move was a valuation call. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Morgan Stanley cut their target price on Hawaiian from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. Finally, Buckingham Research cut their target price on Hawaiian from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $41.92.
NASDAQ:HA opened at $29.24 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 5.28 and a beta of 1.40. Hawaiian Holdings, Inc. has a twelve month low of $28.79 and a twelve month high of $44.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.17. The firm had revenue of $759.10 million for the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Research analysts forecast that Hawaiian Holdings, Inc. will post 5.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Thursday, November 15th. Hawaiian’s dividend payout ratio (DPR) is 8.51%.
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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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