SG Americas Securities LLC trimmed its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,486 shares of the transportation company’s stock after selling 5,144 shares during the quarter. SG Americas Securities LLC owned 0.07% of Hawaiian worth $1,303,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. MA increased its position in shares of Hawaiian by 10.7% during the third quarter. Congress Asset Management Co. MA now owns 80,648 shares of the transportation company’s stock worth $3,234,000 after acquiring an additional 7,765 shares during the last quarter. Needham Investment Management LLC increased its position in shares of Hawaiian by 22.1% during the second quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock worth $1,984,000 after acquiring an additional 10,000 shares during the last quarter. Raymond James & Associates grew its stake in Hawaiian by 1.9% in the second quarter. Raymond James & Associates now owns 118,066 shares of the transportation company’s stock worth $4,245,000 after purchasing an additional 2,197 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Hawaiian in the second quarter worth about $692,000. Finally, KBC Group NV grew its stake in Hawaiian by 104.1% in the second quarter. KBC Group NV now owns 96,554 shares of the transportation company’s stock worth $3,471,000 after purchasing an additional 49,247 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:HA opened at $30.53 on Friday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 5.41 and a beta of 1.40. Hawaiian Holdings, Inc. has a one year low of $29.95 and a one year high of $44.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.82.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.17. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The business had revenue of $759.10 million during the quarter, compared to the consensus estimate of $762.00 million. During the same period last year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Hawaiian Holdings, Inc. will post 5.57 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were paid a $0.12 dividend. The ex-dividend date was Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. Hawaiian’s payout ratio is currently 8.51%.
A number of equities analysts recently commented on the company. Wolfe Research downgraded Hawaiian from an “outperform” rating to a “market perform” rating in a research note on Friday. Imperial Capital reiterated an “outperform” rating and issued a $77.00 price target (up from $74.00) on shares of Hawaiian in a research note on Thursday, September 27th. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Morgan Stanley decreased their price target on Hawaiian from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, November 14th. Finally, Buckingham Research decreased their price target on Hawaiian from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, October 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $43.42.
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Hawaiian Company Profile
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.
See Also: Understanding Market Liquidity
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