Fmr LLC Has $11.12 Million Stake in Hawaiian Holdings, Inc. (NASDAQ:HA)

Fmr LLC boosted its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 6.6% during the first quarter, Holdings Channel reports. The institutional investor owned 239,400 shares of the transportation company’s stock after buying an additional 14,900 shares during the period. Fmr LLC’s holdings in Hawaiian Holdings were worth $11,120,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HA. Telemus Capital LLC boosted its stake in Hawaiian Holdings by 0.7% in the first quarter. Telemus Capital LLC now owns 37,058 shares of the transportation company’s stock valued at $1,721,000 after buying an additional 244 shares in the last quarter. Burney Co. boosted its stake in Hawaiian Holdings by 8.1% in the first quarter. Burney Co. now owns 195,302 shares of the transportation company’s stock valued at $9,072,000 after buying an additional 14,562 shares in the last quarter. CIBC World Markets Inc. boosted its stake in Hawaiian Holdings by 552.7% in the first quarter. CIBC World Markets Inc. now owns 30,042 shares of the transportation company’s stock valued at $1,395,000 after buying an additional 25,439 shares in the last quarter. Piermont Capital Management Inc. boosted its stake in Hawaiian Holdings by 34.4% in the first quarter. Piermont Capital Management Inc. now owns 24,084 shares of the transportation company’s stock valued at $1,119,000 after buying an additional 6,165 shares in the last quarter. Finally, Affinity Wealth Management boosted its stake in Hawaiian Holdings by 2.4% in the first quarter. Affinity Wealth Management now owns 6,918 shares of the transportation company’s stock valued at $321,000 after buying an additional 161 shares in the last quarter. 90.20% of the stock is currently owned by institutional investors.

Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 45.30 on Monday. The company has a 50-day moving average of $48.94 and a 200 day moving average of $50.62. Hawaiian Holdings, Inc. has a 12-month low of $43.50 and a 12-month high of $60.90. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 11.08 and a beta of 1.42.

Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Thursday, April 20th. The transportation company reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.18. The business had revenue of $614.20 million during 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%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Equities analysts anticipate that Hawaiian Holdings, Inc. will post $5.56 earnings per share for the current year.

Hawaiian Holdings announced that its Board of Directors has initiated a share repurchase program on Thursday, April 20th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently issued reports on HA shares. Deutsche Bank AG reissued a “buy” rating and issued a $63.00 target price (up from $60.00) on shares of Hawaiian Holdings in a research report on Sunday, April 23rd. Buckingham Research raised shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $63.00 in a research report on Friday, April 21st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday, March 28th. ValuEngine cut shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, BidaskClub raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Hawaiian Holdings has a consensus rating of “Hold” and an average price target of $54.83.

In other news, Director Donald J. Carty purchased 5,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $53.31 per share, with a total value of $266,550.00. Following the purchase, the director now owns 5,675 shares in the company, valued at approximately $302,534.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald Anderson-Lehman sold 29,408 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $55.00, for a total value of $1,617,440.00. Following the completion of the sale, the chief accounting officer now directly owns 34,847 shares of the company’s stock, valued at approximately $1,916,585. The disclosure for this sale can be found here. In the last three months, insiders sold 84,408 shares of company stock valued at $4,535,900. 2.30% of the stock is currently owned by company insiders.

About Hawaiian Holdings

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 Holdings (NASDAQ:HA)

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