New Amsterdam Partners LLC NY Has $6.30 Million Holdings in Hawaiian Holdings, Inc. (HA)

New Amsterdam Partners LLC NY cut its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 10.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 157,136 shares of the transportation company’s stock after selling 19,069 shares during the quarter. Hawaiian makes up 1.6% of New Amsterdam Partners LLC NY’s portfolio, making the stock its 19th largest holding. New Amsterdam Partners LLC NY owned about 0.32% of Hawaiian worth $6,301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HA. Needham Investment Management LLC raised its holdings in shares of Hawaiian by 22.1% in the second quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock valued at $1,984,000 after buying an additional 10,000 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Hawaiian by 1.9% in the second quarter. Raymond James & Associates now owns 118,066 shares of the transportation company’s stock valued at $4,245,000 after buying an additional 2,197 shares during the last quarter. Piedmont Investment Advisors LLC raised its holdings in shares of Hawaiian by 403.3% in the second quarter. Piedmont Investment Advisors LLC now owns 55,192 shares of the transportation company’s stock valued at $1,984,000 after buying an additional 44,225 shares during the last quarter. Financial Consulate Inc. raised its holdings in shares of Hawaiian by 3.9% in the second quarter. Financial Consulate Inc. now owns 67,413 shares of the transportation company’s stock valued at $2,424,000 after buying an additional 2,558 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Hawaiian in the second quarter valued at about $692,000. 87.33% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the company. ValuEngine raised Hawaiian from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Macquarie set a $45.00 price objective on Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Imperial Capital lowered their price objective on Hawaiian to $57.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Buckingham Research lowered their price objective on Hawaiian from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, October 10th. Finally, Deutsche Bank lowered their price objective on Hawaiian from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, October 10th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.36.

Shares of HA stock opened at $35.78 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $1.76 billion, a P/E ratio of 6.34 and a beta of 1.40. Hawaiian Holdings, Inc. has a 12 month low of $31.46 and a 12 month high of $44.25.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data 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. The firm had revenue of $759.10 million during the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.92 earnings per share. Equities analysts anticipate that Hawaiian Holdings, Inc. will post 5.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. Hawaiian’s payout ratio is 8.51%.

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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.

Further Reading: Float

Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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