State of Alaska Department of Revenue increased its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 78.9% during the second quarter, Holdings Channel reports. The fund owned 10,589 shares of the transportation company’s stock after buying an additional 4,669 shares during the period. State of Alaska Department of Revenue’s holdings in Hawaiian Holdings were worth $497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in Hawaiian Holdings by 13.8% in the fourth quarter. FMR LLC now owns 224,500 shares of the transportation company’s stock worth $12,797,000 after buying an additional 27,200 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Hawaiian Holdings by 26.6% in the fourth quarter. GSA Capital Partners LLP now owns 5,796 shares of the transportation company’s stock worth $330,000 after buying an additional 1,216 shares during the period. Norges Bank acquired a new stake in shares of Hawaiian Holdings during the fourth quarter worth about $40,925,000. USA Financial Portformulas Corp acquired a new stake in shares of Hawaiian Holdings during the fourth quarter worth about $280,000. Finally, Teachers Advisors LLC increased its stake in shares of Hawaiian Holdings by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 425,522 shares of the transportation company’s stock worth $24,255,000 after buying an additional 39,308 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Hawaiian Holdings, Inc. (HA) opened at 45.30 on Friday. The firm has a 50-day moving average price of $48.94 and a 200-day moving average price of $50.62. Hawaiian Holdings, Inc. has a 12-month low of $43.50 and a 12-month high of $60.90. The company has a market cap of $2.43 billion, a P/E ratio of 11.08 and a beta of 1.41.

Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Thursday, April 20th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.18. The business had revenue of $614.20 million during the quarter, compared to analysts’ expectations of $610.70 million. Hawaiian Holdings had a return on equity of 44.77% and a net margin of 9.42%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. On average, analysts forecast that Hawaiian Holdings, Inc. will post $5.56 earnings per share for the current fiscal year.

Hawaiian Holdings declared that its board has approved a share repurchase plan on Thursday, April 20th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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HA has been the subject of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Hawaiian Holdings in a research report on Sunday, April 23rd. Buckingham Research upgraded Hawaiian Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $63.00 in a research report on Friday, April 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Tuesday, March 28th. ValuEngine downgraded Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, BidaskClub raised Hawaiian Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Hawaiian Holdings presently has a consensus rating of “Hold” and an average target price of $54.83.

In other news, Director Donald J. Carty acquired 5,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was bought at an average cost of $53.31 per share, for a total transaction of $266,550.00. Following the purchase, the director now owns 5,675 shares in the company, valued at $302,534.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Ronald Anderson-Lehman sold 29,408 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $55.00, for a total value of $1,617,440.00. Following the sale, the chief accounting officer now owns 34,847 shares of the company’s stock, valued at $1,916,585. The disclosure for this sale can be found here. In the last three months, insiders sold 84,408 shares of company stock valued at $4,535,900. Insiders own 2.30% of the company’s stock.

About Hawaiian Holdings

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.

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Institutional Ownership by Quarter for Hawaiian Holdings (NASDAQ:HA)

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