First Trust Advisors LP boosted its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 46.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,520 shares of the transportation company’s stock after buying an additional 27,071 shares during the period. First Trust Advisors LP’s holdings in Hawaiian were worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. increased its position in Hawaiian by 47.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,054,140 shares of the transportation company’s stock worth $79,496,000 after purchasing an additional 660,512 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hawaiian by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,364,574 shares of the transportation company’s stock worth $91,509,000 after purchasing an additional 401,783 shares during the last quarter. Third Avenue Management LLC acquired a new position in Hawaiian in the 2nd quarter worth about $14,340,000. Cannell Peter B & Co. Inc. acquired a new position in Hawaiian in the 1st quarter worth about $10,335,000. Finally, Matarin Capital Management LLC acquired a new position in shares of Hawaiian during the 1st quarter valued at about $7,617,000. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:HA opened at $41.15 on Thursday. Hawaiian Holdings, Inc. has a twelve month low of $32.40 and a twelve month high of $44.25. The company has a market cap of $2.11 billion, a P/E ratio of 7.30 and a beta of 1.30. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.63.
Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.18. Hawaiian had a return on equity of 32.45% and a net margin of 12.73%. The firm had revenue of $715.45 million during the quarter, compared to the consensus estimate of $716.52 million. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities research analysts forecast that Hawaiian Holdings, Inc. will post 5.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were given a $0.12 dividend. The ex-dividend date was Thursday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.17%. Hawaiian’s dividend payout ratio is currently 8.51%.
A number of research analysts have recently commented on the company. BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Deutsche Bank reissued a “hold” rating on shares of Hawaiian in a report on Thursday, July 26th. Morgan Stanley lowered their price objective on Hawaiian from $36.00 to $34.00 and set an “underweight” rating on the stock in a report on Thursday, July 12th. Cowen lowered their price objective on Hawaiian from $45.00 to $43.00 and set a “market perform” rating on the stock in a report on Tuesday, June 12th. Finally, ValuEngine raised Hawaiian from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.27.
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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