HighTower Advisors LLC increased its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 42.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,486 shares of the transportation company’s stock after buying an additional 16,288 shares during the period. HighTower Advisors LLC’s holdings in Hawaiian Holdings were worth $2,518,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Guggenheim Capital LLC increased its position in Hawaiian Holdings by 67.2% in the fourth quarter. Guggenheim Capital LLC now owns 90,065 shares of the transportation company’s stock worth $5,134,000 after buying an additional 36,202 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Hawaiian Holdings by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,580 shares of the transportation company’s stock worth $1,629,000 after buying an additional 1,380 shares in the last quarter. Telemus Capital LLC increased its position in Hawaiian Holdings by 0.7% in the first quarter. Telemus Capital LLC now owns 37,058 shares of the transportation company’s stock worth $1,721,000 after buying an additional 244 shares in the last quarter. Burney Co. increased its position in Hawaiian Holdings by 8.1% in the first quarter. Burney Co. now owns 195,302 shares of the transportation company’s stock worth $9,072,000 after buying an additional 14,562 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in Hawaiian Holdings by 552.7% in the first quarter. CIBC World Markets Inc. now owns 30,042 shares of the transportation company’s stock worth $1,395,000 after buying an additional 25,439 shares in the last quarter. 90.51% of the stock is owned by institutional investors.
Shares of Hawaiian Holdings, Inc. (HA) traded up 0.11% on Tuesday, reaching $46.95. 115,483 shares of the company traded hands. The stock has a 50 day moving average of $52.17 and a 200 day moving average of $52.10. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 11.48 and a beta of 1.43. Hawaiian Holdings, Inc. has a 52-week low of $34.69 and a 52-week high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Thursday, April 20th. The transportation company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.18. The company had revenue of $614.20 million for the quarter, compared to analyst estimates of $610.70 million. Hawaiian Holdings had a net margin of 9.42% and a return on equity of 44.77%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts expect that Hawaiian Holdings, Inc. will post $5.53 earnings per share for the current year.
A number of research analysts have recently weighed in on the stock. Deutsche Bank AG downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $59.00 in a report on Thursday, June 8th. Buckingham Research upgraded shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $63.00 in a report on Friday, April 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a report on Wednesday, May 17th. Citigroup Inc. raised their price target on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Finally, Cowen and Company restated a “market perform” rating and set a $56.00 price target (up previously from $52.00) on shares of Hawaiian Holdings in a report on Sunday, April 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Hawaiian Holdings presently has a consensus rating of “Hold” and an average price target of $54.08.
In other news, CAO Ronald Anderson-Lehman sold 29,408 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $55.00, for a total value of $1,617,440.00. Following the transaction, the chief accounting officer now directly owns 34,847 shares of the company’s stock, valued at $1,916,585. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter R. Ingram sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $48.27, for a total transaction of $120,675.00. Following the transaction, the executive vice president now directly owns 216,711 shares in the company, valued at $10,460,639.97. The disclosure for this sale can be found here. Insiders sold 109,908 shares of company stock worth $5,856,135 over the last three months. Insiders own 2.30% of the company’s stock.
About Hawaiian Holdings
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.
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