Two Sigma Advisers LP grew its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 34.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 713,787 shares of the transportation company’s stock after purchasing an additional 184,138 shares during the quarter. Two Sigma Advisers LP owned approximately 1.36% of Hawaiian worth $28,444,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in HA. Stone Ridge Asset Management LLC acquired a new stake in shares of Hawaiian in the fourth quarter worth $610,000. Deutsche Bank AG grew its stake in shares of Hawaiian by 15.6% in the fourth quarter. Deutsche Bank AG now owns 521,112 shares of the transportation company’s stock worth $20,764,000 after acquiring an additional 70,446 shares during the last quarter. Highland Capital Management LP grew its stake in shares of Hawaiian by 142.0% in the fourth quarter. Highland Capital Management LP now owns 288,000 shares of the transportation company’s stock worth $11,477,000 after acquiring an additional 169,000 shares during the last quarter. Nicholas Investment Partners LP acquired a new stake in shares of Hawaiian in the fourth quarter worth $3,941,000. Finally, Alliancebernstein L.P. grew its stake in shares of Hawaiian by 1,244.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,233,908 shares of the transportation company’s stock worth $49,171,000 after acquiring an additional 1,142,148 shares during the last quarter. 89.72% of the stock is currently owned by institutional investors.
Shares of Hawaiian Holdings, Inc. (HA) opened at $37.80 on Friday. Hawaiian Holdings, Inc. has a 52 week low of $32.40 and a 52 week high of $59.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $1,939.52, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 3.16 and a beta of 1.54.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Monday, January 29th. The transportation company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.10. Hawaiian had a net margin of 13.51% and a return on equity of 36.52%. The firm had revenue of $686.50 million for the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. equities analysts forecast that Hawaiian Holdings, Inc. will post 5.29 EPS for the current fiscal year.
Hawaiian announced that its board has authorized a share buyback program on Tuesday, December 5th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. Hawaiian’s dividend payout ratio is currently 7.01%.
Several equities research analysts have recently issued reports on HA shares. Buckingham Research restated a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. ValuEngine upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Argus restated a “hold” rating and issued a $61.00 price objective on shares of Hawaiian in a research note on Thursday, January 11th. Finally, Stifel Nicolaus raised their price objective on shares of Hawaiian from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $48.42.
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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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