Hawaiian Holdings, Inc. (HA) Shares Sold by MUFG Americas Holdings Corp
MUFG Americas Holdings Corp reduced its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 24.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 4,611 shares of the transportation company’s stock after selling 1,500 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Hawaiian were worth $173,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Alps Advisors Inc. lifted its holdings in Hawaiian by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,976 shares of the transportation company’s stock valued at $468,000 after purchasing an additional 26 shares during the last quarter. Renaissance Group LLC lifted its holdings in Hawaiian by 0.9% during the second quarter. Renaissance Group LLC now owns 6,322 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 59 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in Hawaiian by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 95 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in Hawaiian by 1.1% during the second quarter. Suntrust Banks Inc. now owns 9,507 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 102 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Hawaiian by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 52,023 shares of the transportation company’s stock valued at $2,442,000 after purchasing an additional 169 shares during the last quarter. 93.92% of the stock is currently owned by institutional investors.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $40.90 on Friday. Hawaiian Holdings, Inc. has a 52-week low of $32.40 and a 52-week high of $60.90. The firm has a market capitalization of $2,150.00, a PE ratio of 7.41, a PEG ratio of 3.44 and a beta of 1.42. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The firm had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. During the same period in the prior year, the business posted $1.91 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. sell-side analysts predict that Hawaiian Holdings, Inc. will post 5.55 EPS for the current year.
The business also recently declared a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, November 16th. Hawaiian’s dividend payout ratio is presently 13.33%.
Several equities research analysts have commented on the stock. Buckingham Research reaffirmed a “buy” rating on shares of Hawaiian in a report on Thursday, November 23rd. Morgan Stanley dropped their price objective on shares of Hawaiian from $40.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, August 17th. Cowen decreased their price target on Hawaiian from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Friday, October 13th. BidaskClub upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.36.
In related news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
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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