LSV Asset Management Sells 43,200 Shares of Hawaiian Holdings Inc. (HA)
LSV Asset Management cut its stake in shares of Hawaiian Holdings Inc. (NASDAQ:HA) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 1,256,646 shares of the company’s stock after selling 43,200 shares during the period. LSV Asset Management’s holdings in Hawaiian Holdings were worth $61,072,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Hawaiian Holdings by 0.4% in the third quarter. Alps Advisors Inc. now owns 8,786 shares of the company’s stock worth $427,000 after buying an additional 32 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Hawaiian Holdings by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock worth $801,000 after buying an additional 100 shares during the period. NEXT Financial Group Inc raised its stake in shares of Hawaiian Holdings by 5.7% in the third quarter. NEXT Financial Group Inc now owns 3,700 shares of the company’s stock worth $180,000 after buying an additional 200 shares during the period. PineBridge Investments L.P. raised its stake in shares of Hawaiian Holdings by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,049 shares of the company’s stock worth $230,000 after buying an additional 242 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Hawaiian Holdings by 1.6% in the second quarter. Arizona State Retirement System now owns 24,797 shares of the company’s stock worth $941,000 after buying an additional 400 shares during the period. 87.80% of the stock is owned by hedge funds and other institutional investors.
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) opened at 51.35 on Thursday. Hawaiian Holdings Inc. has a 12 month low of $28.40 and a 12 month high of $53.35. The firm’s 50-day moving average price is $47.86 and its 200-day moving average price is $44.70. The firm has a market cap of $2.74 billion, a PE ratio of 10.35 and a beta of 1.16.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Tuesday, October 18th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. Hawaiian Holdings had a return on equity of 48.03% and a net margin of 11.72%. The company had revenue of $671.83 million for the quarter, compared to analysts’ expectations of $669.22 million. During the same period in the prior year, the firm earned $1.29 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Hawaiian Holdings Inc. will post $5.11 earnings per share for the current year.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Argus lifted their target price on Hawaiian Holdings from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday. Imperial Capital lifted their target price on Hawaiian Holdings from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, November 22nd. Citigroup Inc. started coverage on Hawaiian Holdings in a research report on Friday, November 18th. They set a “neutral” rating and a $48.00 target price for the company. Finally, Deutsche Bank AG lifted their price target on Hawaiian Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.55.
In related news, insider Mark B. Dunkerley sold 10,000 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $48.97, for a total value of $489,700.00. Following the transaction, the insider now owns 562,644 shares of the company’s stock, valued at $27,552,676.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark B. Dunkerley sold 8,000 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $50.25, for a total value of $402,000.00. Following the completion of the transaction, the insider now directly owns 539,644 shares in the company, valued at approximately $27,117,111. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as the Company’s Scheduled Operations.
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