Sawgrass Asset Management LLC cut its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,420 shares of the transportation company’s stock after selling 4,270 shares during the period. Sawgrass Asset Management LLC’s holdings in Hawaiian Holdings were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System grew its stake in shares of Hawaiian Holdings by 5.3% in the 2nd quarter. California Public Employees Retirement System now owns 123,400 shares of the transportation company’s stock valued at $5,794,000 after buying an additional 6,200 shares during the period. Vanguard Group Inc. grew its stake in shares of Hawaiian Holdings by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock valued at $305,306,000 after buying an additional 96,996 shares during the period. Northern Trust Corp grew its stake in shares of Hawaiian Holdings by 2.6% in the 2nd quarter. Northern Trust Corp now owns 780,600 shares of the transportation company’s stock valued at $36,650,000 after buying an additional 19,914 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Hawaiian Holdings by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock valued at $331,000 after buying an additional 95 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of Hawaiian Holdings by 69.9% in the 2nd quarter. GSA Capital Partners LLP now owns 20,200 shares of the transportation company’s stock valued at $948,000 after buying an additional 8,309 shares during the period. Institutional investors own 90.42% of the company’s stock.

Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 37.70 on Friday. The stock has a 50 day moving average price of $41.70 and a 200-day moving average price of $47.38. Hawaiian Holdings, Inc. has a 52 week low of $36.70 and a 52 week high of $60.90. The stock has a market cap of $2.02 billion, a P/E ratio of 9.17 and a beta of 1.41.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm had revenue of $675.33 million for the quarter, compared to analysts’ expectations of $676.59 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts anticipate that Hawaiian Holdings, Inc. will post $5.71 EPS for the current fiscal year.

Several brokerages have recently commented on HA. Morgan Stanley restated an “underweight” rating and issued a $41.00 target price (up from $40.00) on shares of Hawaiian Holdings in a research note on Monday, July 10th. Credit Suisse Group began coverage on Hawaiian Holdings in a research note on Monday, June 5th. They set an “outperform” rating and a $45.00 price target for the company. Cowen and Company cut their price target on Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Wednesday, July 26th. Stifel Nicolaus downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating and cut their price target for the company from $60.00 to $40.00 in a research note on Wednesday, June 14th. Finally, Citigroup Inc. lifted their price target on Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.17.

In other news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $41.78, for a total transaction of $41,780.00. Following the sale, the executive vice president now owns 198,411 shares in the company, valued at $8,289,611.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter R. Ingram sold 2,500 shares of the stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $48.10, for a total transaction of $120,250.00. Following the sale, the executive vice president now owns 199,411 shares in the company, valued at approximately $9,591,669.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,500 shares of company stock worth $202,030. Corporate insiders own 2.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/23/sawgrass-asset-management-llc-trims-stake-in-hawaiian-holdings-inc-ha.html.

Hawaiian Holdings Company Profile

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.

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

Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.