Strs Ohio lifted its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,100 shares of the transportation company’s stock after acquiring an additional 1,900 shares during the period. Strs Ohio’s holdings in Hawaiian were worth $821,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA lifted its stake in 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 purchasing an additional 7,765 shares during the period. Teachers Advisors LLC raised its stake in shares of Hawaiian by 1.2% in the third quarter. Teachers Advisors LLC now owns 98,264 shares of the transportation company’s stock valued at $3,940,000 after acquiring an additional 1,204 shares during the last quarter. Adams Asset Advisors LLC raised its stake in shares of Hawaiian by 18.8% in the fourth quarter. Adams Asset Advisors LLC now owns 38,541 shares of the transportation company’s stock valued at $1,017,000 after acquiring an additional 6,088 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Hawaiian by 12.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,113 shares of the transportation company’s stock valued at $486,000 after acquiring an additional 1,373 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Hawaiian by 3.3% in the third quarter. FMR LLC now owns 91,427 shares of the transportation company’s stock valued at $3,666,000 after acquiring an additional 2,927 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.
Shares of Hawaiian stock opened at $30.30 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 company has a market capitalization of $1.49 billion, a P/E ratio of 5.55 and a beta of 1.93. Hawaiian Holdings, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $44.25.
Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, January 29th. The transportation company reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $697.50 million during the quarter, compared to analyst estimates of $700.19 million. Hawaiian had a net margin of 8.22% and a return on equity of 30.10%. Hawaiian’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Equities analysts predict that Hawaiian Holdings, Inc. will post 4.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, February 7th. Hawaiian’s dividend payout ratio is currently 8.82%.
HA has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of Hawaiian from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, November 29th. Imperial Capital reiterated an “outperform” rating and issued a $40.00 target price (down previously from $49.00) on shares of Hawaiian in a research note on Wednesday, January 9th. Cowen reiterated a “market perform” rating and issued a $32.00 target price (down previously from $37.00) on shares of Hawaiian in a research note on Wednesday, December 12th. BidaskClub cut shares of Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, ValuEngine cut shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 6th. Four 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. The stock has an average rating of “Hold” and an average price target of $38.09.
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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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