Envestnet Asset Management Inc. Increases Holdings in Hawaiian Holdings, Inc. (HA)

Envestnet Asset Management Inc. raised its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 58.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,416 shares of the transportation company’s stock after acquiring an additional 7,192 shares during the period. Envestnet Asset Management Inc.’s holdings in Hawaiian were worth $729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HA. Prudential Financial Inc. lifted its stake in Hawaiian by 370.3% during the 3rd quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock valued at $36,864,000 after acquiring an additional 772,990 shares during the period. BlackRock Inc. increased its holdings in shares of Hawaiian by 7.5% during the 2nd quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after purchasing an additional 506,330 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Hawaiian during the 3rd quarter valued at approximately $15,463,000. Wells Fargo & Company MN increased its holdings in shares of Hawaiian by 219.2% during the 3rd quarter. Wells Fargo & Company MN now owns 561,166 shares of the transportation company’s stock valued at $21,072,000 after purchasing an additional 385,337 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Hawaiian during the 2nd quarter valued at approximately $12,159,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

In other news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Several research firms have recently weighed in on HA. Cowen cut their target price on shares of Hawaiian from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Friday, October 13th. Buckingham Research lifted their target price on shares of Hawaiian from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Citigroup cut their target price on shares of Hawaiian from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Macquarie began coverage on shares of Hawaiian in a report on Monday, September 25th. They set an “outperform” rating and a $49.00 target price for the company. Finally, ValuEngine raised shares of Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $46.36.

Shares of Hawaiian Holdings, Inc. (NASDAQ HA) opened at $39.70 on Thursday. The company has a market cap of $2,080.00, a price-to-earnings ratio of 7.01, a P/E/G ratio of 3.20 and a beta of 1.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. Hawaiian Holdings, Inc. has a 1-year low of $32.40 and a 1-year high of $60.90.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $719.56 million during the quarter, compared to analyst estimates of $721.00 million. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. analysts expect that Hawaiian Holdings, Inc. will post 5.64 earnings per share for the current year.

Hawaiian announced that its board has initiated a share buyback program on Tuesday, December 5th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently declared a special dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 16th. Hawaiian’s payout ratio is presently 13.33%.

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About Hawaiian

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 (NASDAQ:HA)

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