Morgan Stanley Raises Stake in Hawaiian Holdings, Inc. (NASDAQ:HA)

Morgan Stanley lifted its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 738.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 221,068 shares of the transportation company’s stock after buying an additional 194,711 shares during the quarter. Morgan Stanley’s holdings in Hawaiian were worth $6,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Hawaiian by 1.0% in the second quarter. Vanguard Group Inc. now owns 4,749,144 shares of the transportation company’s stock valued at $130,269,000 after purchasing an additional 47,872 shares during the period. Bank of New York Mellon Corp grew its holdings in Hawaiian by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 840,644 shares of the transportation company’s stock valued at $23,060,000 after purchasing an additional 18,485 shares during the period. Northern Trust Corp grew its holdings in Hawaiian by 2.2% in the second quarter. Northern Trust Corp now owns 771,679 shares of the transportation company’s stock valued at $21,166,000 after purchasing an additional 16,272 shares during the period. Prudential Financial Inc. grew its holdings in Hawaiian by 61.3% in the second quarter. Prudential Financial Inc. now owns 400,926 shares of the transportation company’s stock valued at $10,997,000 after purchasing an additional 152,300 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Hawaiian by 35.1% in the second quarter. Oppenheimer & Co. Inc. now owns 248,770 shares of the transportation company’s stock valued at $6,824,000 after purchasing an additional 64,600 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

In other Hawaiian news, Director William S. Swelbar sold 1,203 shares of Hawaiian stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $25.30, for a total transaction of $30,435.90. Following the transaction, the director now directly owns 19,563 shares of the company’s stock, valued at $494,943.90. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Shares of HA stock opened at $29.47 on Tuesday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 5.42 and a beta of 1.76. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.98. Hawaiian Holdings, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $40.30. The firm’s 50 day moving average price is $26.74 and its two-hundred day moving average price is $26.78.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.19. The firm had revenue of $712.19 million for the quarter, compared to analysts’ expectations of $704.74 million. Hawaiian had a net margin of 7.76% and a return on equity of 24.26%. Hawaiian’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. On average, equities analysts forecast that Hawaiian Holdings, Inc. will post 4.29 EPS for the current fiscal year.

A number of research firms recently issued reports on HA. Morgan Stanley boosted their target price on shares of Hawaiian from $21.00 to $23.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Citigroup set a $30.00 target price on shares of Hawaiian and gave the company a “hold” rating in a report on Wednesday, July 31st. Buckingham Research lowered their target price on shares of Hawaiian from $33.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. BidaskClub downgraded shares of Hawaiian from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Finally, Cowen restated a “market perform” rating and issued a $29.00 target price (down from $31.00) on shares of Hawaiian in a report on Wednesday, July 31st. Six analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.45.

Hawaiian Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, 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 Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

Featured Article: Hold Rating

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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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