Sigma Planning Corp lifted its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 24.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,465 shares of the transportation company’s stock after acquiring an additional 2,064 shares during the period. Sigma Planning Corp’s holdings in Hawaiian were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in shares of Hawaiian in the 2nd quarter valued at $65,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Hawaiian in the 1st quarter valued at $81,000. Winslow Asset Management Inc. acquired a new position in shares of Hawaiian in the 2nd quarter valued at $205,000. 6 Meridian acquired a new position in shares of Hawaiian in the 3rd quarter valued at $236,000. Finally, Brinker Capital Inc. increased its position in shares of Hawaiian by 11.9% in the 3rd quarter. Brinker Capital Inc. now owns 9,257 shares of the transportation company’s stock valued at $243,000 after acquiring an additional 986 shares during the period. 91.20% of the stock is currently owned by hedge funds and other institutional investors.
HA has been the topic of several research reports. ValuEngine downgraded Hawaiian from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Deutsche Bank upped their target price on Hawaiian from $26.00 to $28.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. BidaskClub raised Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America upped their target price on Hawaiian from $23.00 to $25.00 and gave the company an “underperform” rating in a research report on Tuesday, October 8th. Finally, Citigroup set a $30.00 target price on Hawaiian and gave the company a “hold” rating in a research report on Wednesday, July 31st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.73.
Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.36. Hawaiian had a net margin of 7.30% and a return on equity of 22.23%. The business had revenue of $755.15 million for the quarter, compared to analyst estimates of $755.85 million. During the same period in the prior year, the company posted $1.91 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that Hawaiian Holdings, Inc. will post 4.51 EPS for the current fiscal year.
The business also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. Hawaiian’s dividend payout ratio (DPR) is presently 8.82%.
In other Hawaiian news, Director William S. Swelbar sold 1,203 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $25.30, for a total value of $30,435.90. Following the completion of the sale, the director now owns 19,563 shares in the company, valued at approximately $494,943.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.
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.
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