Fox Run Management L.L.C. bought a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,243 shares of the transportation company’s stock, valued at approximately $290,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Hawaiian by 1.5% in the second quarter. BlackRock Inc. now owns 7,086,683 shares of the transportation company’s stock valued at $254,765,000 after buying an additional 104,822 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hawaiian by 13.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,672,215 shares of the transportation company’s stock valued at $96,067,000 after purchasing an additional 307,641 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hawaiian by 47.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,054,140 shares of the transportation company’s stock valued at $79,496,000 after purchasing an additional 660,512 shares during the period. LSV Asset Management raised its stake in shares of Hawaiian by 8.9% during the 2nd quarter. LSV Asset Management now owns 1,330,545 shares of the transportation company’s stock valued at $47,833,000 after purchasing an additional 108,818 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Hawaiian by 29.8% during the 2nd quarter. Royce & Associates LP now owns 1,016,131 shares of the transportation company’s stock valued at $36,530,000 after purchasing an additional 233,404 shares during the period. Hedge funds and other institutional investors own 84.83% of the company’s stock.
Hawaiian stock opened at $33.52 on Friday. Hawaiian Holdings, Inc. has a 52 week low of $32.40 and a 52 week high of $44.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $2.03 billion, a P/E ratio of 5.94 and a beta of 1.31.
Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, July 24th. The transportation company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.18. Hawaiian had a return on equity of 32.45% and a net margin of 12.73%. The business had revenue of $715.45 million during the quarter, compared to analysts’ expectations of $716.52 million. During the same period in the previous year, the business earned $1.49 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts predict that Hawaiian Holdings, Inc. will post 5.75 earnings per share for the current fiscal year.
A number of research firms recently issued reports on HA. Imperial Capital reiterated an “outperform” rating and set a $77.00 price objective (up from $74.00) on shares of Hawaiian in a research note on Thursday, September 27th. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Buckingham Research decreased their price objective on Hawaiian from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. Finally, Deutsche Bank decreased their price objective on Hawaiian from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $47.00.
Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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