Paradigm Asset Management Co. LLC lowered its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the company’s stock after selling 100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Hawaiian Holdings were worth $120,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HA. Mascoma Wealth Management LLC acquired a new stake in shares of Hawaiian Holdings during the fourth quarter worth $171,000. NEXT Financial Group Inc increased 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 last quarter. CIBC World Markets Inc. acquired a new stake in shares of Hawaiian Holdings during the third quarter worth $211,000. Advisory Services Network LLC acquired a new stake in shares of Hawaiian Holdings during the third quarter worth $227,000. Finally, Intrust Bank NA acquired a new stake in shares of Hawaiian Holdings during the third quarter worth $265,000. 88.80% of the stock is owned by institutional investors and hedge funds.
Hawaiian Holdings, Inc. (NASDAQ:HA) traded up 1.46% during trading on Monday, hitting $52.10. 172,684 shares of the company’s stock traded hands. Hawaiian Holdings, Inc. has a 12 month low of $33.83 and a 12 month high of $60.90. The stock has a market cap of $2.78 billion, a P/E ratio of 11.53 and a beta of 1.12. The company’s 50 day moving average is $54.50 and its 200-day moving average is $49.95.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $1.28 EPS for the quarter, hitting analysts’ consensus estimates of $1.28. The company had revenue of $632.97 million for the quarter, compared to analysts’ expectations of $625.47 million. Hawaiian Holdings had a net margin of 10.28% and a return on equity of 48.91%. Hawaiian Holdings’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, analysts predict that Hawaiian Holdings, Inc. will post $4.84 earnings per share for the current year.
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A number of analysts have weighed in on the company. Zacks Investment Research downgraded Hawaiian Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 26th. Cowen and Company raised their target price on Hawaiian Holdings from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, December 6th. Imperial Capital raised their target price on Hawaiian Holdings from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Wolfe Research upgraded Hawaiian Holdings from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Argus raised their target price on Hawaiian Holdings from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, December 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.75.
In other Hawaiian Holdings news, insider Mark B. Dunkerley sold 30,000 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $56.05, for a total transaction of $1,681,500.00. Following the sale, the insider now owns 481,828 shares of the company’s stock, valued at approximately $27,006,459.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall Jenson sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $60.24, for a total transaction of $602,400.00. Following the sale, the director now directly owns 45,466 shares in the company, valued at approximately $2,738,871.84. The disclosure for this sale can be found here. Insiders sold a total of 86,000 shares of company stock worth $4,829,050 in the last ninety days. 3.40% of the stock is currently owned by insiders.
About Hawaiian Holdings
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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