American International Group Inc. increased its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,057 shares of the transportation company’s stock after purchasing an additional 2,270 shares during the period. American International Group Inc. owned approximately 0.08% of Hawaiian worth $1,579,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its holdings in Hawaiian by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock worth $189,000 after acquiring an additional 1,828 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in Hawaiian by 80.9% during the second quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after acquiring an additional 2,016 shares in the last quarter. First Hawaiian Bank bought a new position in Hawaiian during the third quarter worth about $224,000. Cigna Investments Inc. New bought a new position in Hawaiian during the second quarter worth about $240,000. Finally, SG Americas Securities LLC lifted its holdings in Hawaiian by 49.6% during the second quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock worth $243,000 after acquiring an additional 1,716 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $40.05 on Thursday. Hawaiian Holdings, Inc. has a twelve month low of $32.40 and a twelve month high of $60.90. The stock has a market capitalization of $2,106.74, a PE ratio of 6.90, a P/E/G ratio of 3.15 and a beta of 1.51. 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, topping analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $719.56 million for the quarter, compared to the consensus estimate of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. analysts expect that Hawaiian Holdings, Inc. will post 5.64 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 16th. Hawaiian’s dividend payout ratio (DPR) is presently 12.77%.

Hawaiian announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Several research analysts have weighed in on HA shares. ValuEngine lowered Hawaiian from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research lowered Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday, November 16th. Finally, Bank of America restated an “underperform” rating and issued a $38.00 price target (down from $43.00) on shares of Hawaiian in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $46.36.

In other news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

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Hawaiian 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.

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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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