New Amsterdam Partners LLC NY Raises Stake in Hawaiian Holdings, Inc. (NASDAQ:HA)
New Amsterdam Partners LLC NY boosted its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 96.3% during the second quarter, Holdings Channel reports. The fund owned 203,059 shares of the transportation company’s stock after buying an additional 99,630 shares during the period. Hawaiian Holdings accounts for approximately 2.0% of New Amsterdam Partners LLC NY’s holdings, making the stock its 12th largest position. New Amsterdam Partners LLC NY’s holdings in Hawaiian Holdings were worth $9,534,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC boosted its stake in shares of Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after buying an additional 56 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Hawaiian Holdings during the first quarter valued at $127,000. First Mercantile Trust Co. boosted its stake in shares of Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock valued at $137,000 after buying an additional 434 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after buying an additional 68 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.
Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 41.85 on Friday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 10.18 and a beta of 1.38. The stock has a 50 day moving average price of $44.83 and a 200 day moving average price of $49.13. Hawaiian Holdings, Inc. has a 12 month low of $39.45 and a 12 month high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $675.33 million during the quarter, compared to analyst estimates of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. Hawaiian Holdings’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. Analysts anticipate that Hawaiian Holdings, Inc. will post $5.76 earnings per share for the current fiscal year.
Hawaiian Holdings declared that its Board of Directors has approved a share repurchase program on Thursday, April 20th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the transportation company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
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Several equities research analysts recently weighed in on the company. BidaskClub cut Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stifel Nicolaus raised Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a research report on Friday, July 28th. Imperial Capital reaffirmed an “outperform” rating and set a $74.00 price target on shares of Hawaiian Holdings in a research report on Thursday, July 27th. Citigroup Inc. lowered their price target on Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price target (down previously from $41.00) on shares of Hawaiian Holdings in a research report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Hawaiian Holdings has a consensus rating of “Hold” and an average target price of $52.25.
In related news, CFO Shannon Lei Okinaka sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $21.28, for a total value of $53,200.00. Following the completion of the sale, the chief financial officer now owns 33,838 shares in the company, valued at $720,072.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald J. Carty purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average price of $47.10 per share, with a total value of $141,300.00. Following the acquisition, the director now directly owns 13,675 shares of the company’s stock, valued at approximately $644,092.50. The disclosure for this purchase can be found here. Insiders sold 51,000 shares of company stock valued at $2,691,240 in the last quarter. 2.30% of the stock is owned by company insiders.
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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