Renaissance Technologies LLC Sells 112,900 Shares of Hawaiian Holdings, Inc. (HA)

Renaissance Technologies LLC decreased its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,381,200 shares of the transportation company’s stock after selling 112,900 shares during the period. Renaissance Technologies LLC owned approximately 4.44% of Hawaiian Holdings worth $110,607,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in HA. Bessemer Group Inc. boosted its position in Hawaiian Holdings by 6.3% in the fourth quarter. Bessemer Group Inc. now owns 45,900 shares of the transportation company’s stock worth $2,616,000 after buying an additional 2,700 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Hawaiian Holdings by 3.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 52,330 shares of the transportation company’s stock worth $2,983,000 after buying an additional 1,614 shares during the period. Comerica Bank boosted its position in Hawaiian Holdings by 6.0% in the fourth quarter. Comerica Bank now owns 57,005 shares of the transportation company’s stock worth $3,281,000 after buying an additional 3,237 shares during the period. State Street Corp boosted its position in Hawaiian Holdings by 9.8% in the fourth quarter. State Street Corp now owns 1,300,823 shares of the transportation company’s stock worth $74,149,000 after buying an additional 115,637 shares during the period. Finally, Martingale Asset Management L P boosted its position in Hawaiian Holdings by 27.9% in the fourth quarter. Martingale Asset Management L P now owns 110,520 shares of the transportation company’s stock worth $6,300,000 after buying an additional 24,116 shares during the period. Institutional investors own 90.51% of the company’s stock.

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

Hawaiian Holdings, Inc. (NASDAQ HA) traded down 2.22% during midday trading on Tuesday, hitting $46.35. 912,858 shares of the company’s stock traded hands. The company has a 50 day moving average of $52.38 and a 200-day moving average of $52.14. Hawaiian Holdings, Inc. has a 52 week low of $34.69 and a 52 week high of $60.90. The company has a market capitalization of $2.49 billion, a PE ratio of 11.33 and a beta of 1.43.

Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Thursday, April 20th. The transportation company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.18. The firm had revenue of $614.20 million for the quarter, compared to analysts’ expectations of $610.70 million. Hawaiian Holdings had a return on equity of 44.77% and a net margin of 9.42%. Hawaiian Holdings’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. Equities research analysts predict that Hawaiian Holdings, Inc. will post $5.51 earnings per share for the current year.

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A number of equities analysts have recently weighed in on HA shares. Zacks Investment Research cut shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Imperial Capital increased their price objective on shares of Hawaiian Holdings from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. Deutsche Bank AG reissued a “buy” rating and issued a $63.00 price objective (up from $60.00) on shares of Hawaiian Holdings in a research note on Sunday, April 23rd. BidaskClub cut shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Cowen and Company lowered their price objective on shares of Hawaiian Holdings from $54.00 to $52.00 and set a “market perform” rating on the stock in a research note on Monday, April 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $54.31.

In related news, insider Mark B. Dunkerley sold 5,000 shares of Hawaiian Holdings stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $49.75, for a total value of $248,750.00. Following the transaction, the insider now owns 390,942 shares of the company’s stock, valued at approximately $19,449,364.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $48.27, for a total value of $120,675.00. Following the completion of the transaction, the executive vice president now directly owns 216,711 shares in the company, valued at approximately $10,460,639.97. The disclosure for this sale can be found here. Insiders sold a total of 109,908 shares of company stock worth $5,856,135 in the last three months. 2.30% of the stock is currently owned by company insiders.

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.

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