Oppenheimer Asset Management Inc. Cuts Position in Hawaiian Holdings, Inc. (HA)

Oppenheimer Asset Management Inc. reduced its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,214 shares of the transportation company’s stock after selling 677 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hawaiian Holdings were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HA. State Street Corp lifted its position in Hawaiian Holdings by 4.2% during the 1st quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock worth $62,980,000 after buying an additional 55,043 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Hawaiian Holdings during the 1st quarter worth about $254,000. Massachusetts Financial Services Co. MA lifted its position in Hawaiian Holdings by 57.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,955 shares of the transportation company’s stock worth $509,000 after buying an additional 4,016 shares in the last quarter. Burney Co. lifted its position in Hawaiian Holdings by 8.1% during the 1st quarter. Burney Co. now owns 195,302 shares of the transportation company’s stock worth $9,072,000 after buying an additional 14,562 shares in the last quarter. Finally, FMR LLC lifted its position in Hawaiian Holdings by 6.6% during the 1st quarter. FMR LLC now owns 239,400 shares of the transportation company’s stock worth $11,120,000 after buying an additional 14,900 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Holdings, Inc. (HA) opened at 39.60 on Wednesday. Hawaiian Holdings, Inc. has a 52 week low of $39.00 and a 52 week high of $60.90. The company has a 50-day moving average of $42.20 and a 200-day moving average of $47.80. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.63 and a beta of 1.41.

Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. Equities research analysts forecast that Hawaiian Holdings, Inc. will post $5.71 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Oppenheimer Asset Management Inc. Cuts Position in Hawaiian Holdings, Inc. (HA)” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/09/13/oppenheimer-asset-management-inc-cuts-position-in-hawaiian-holdings-inc-ha.html.

In related news, EVP Peter R. Ingram sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the transaction, the executive vice president now owns 199,411 shares in the company, valued at approximately $9,591,669.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the executive vice president now owns 197,411 shares in the company, valued at approximately $7,896,440. The disclosure for this sale can be found here. Insiders have sold a total of 7,500 shares of company stock worth $346,870 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Several equities research analysts have commented on HA shares. Bank of America Corporation cut their price target on shares of Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating on the stock in a research report on Friday, June 30th. BidaskClub cut shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Citigroup Inc. cut their price target on shares of Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. ValuEngine cut shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 target price (down from $64.00) on shares of Hawaiian Holdings in a report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $52.17.

Hawaiian Holdings 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.

Want to see what other hedge funds are holding HA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Holdings, Inc. (NASDAQ:HA).

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

Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply