Donald Smith & CO. Inc. Cuts Stake in Hawaiian Holdings, Inc. (NASDAQ:HA)

Donald Smith & CO. Inc. reduced its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 374,630 shares of the transportation company’s stock after selling 2,592 shares during the quarter. Donald Smith & CO. Inc. owned about 0.73% of Hawaiian worth $5,320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Oak Thistle LLC acquired a new position in Hawaiian during the third quarter valued at $66,000. Victory Capital Management Inc. lifted its position in Hawaiian by 10.9% during the third quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 8,000 shares during the period. Illinois Municipal Retirement Fund acquired a new position in Hawaiian during the third quarter valued at $215,000. Jump Financial LLC lifted its position in Hawaiian by 129.0% during the third quarter. Jump Financial LLC now owns 112,953 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 63,620 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in Hawaiian during the third quarter valued at $83,000. 70.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Susquehanna cut their target price on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th.

Hawaiian Stock Up 1.1 %

NASDAQ HA traded up $0.14 during trading hours on Monday, reaching $12.41. 817,320 shares of the company traded hands, compared to its average volume of 994,768. Hawaiian Holdings, Inc. has a 12 month low of $3.70 and a 12 month high of $14.89. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The stock has a market capitalization of $643.46 million, a PE ratio of -2.14 and a beta of 2.39. The company has a 50 day moving average of $13.47 and a two-hundred day moving average of $11.32.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company had revenue of $645.57 million for the quarter, compared to the consensus estimate of $629.24 million. During the same quarter last year, the company earned ($2.17) earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Hawaiian Holdings, Inc. will post -4.4 earnings per share for the current year.

Hawaiian Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.