Public Employees Retirement System of Ohio Has $1.07 Million Holdings in Hawaiian Holdings, Inc. (HA)

Public Employees Retirement System of Ohio lowered its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 54.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,589 shares of the transportation company’s stock after selling 34,199 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Hawaiian worth $1,074,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Riverhead Capital Management LLC raised its position in shares of Hawaiian by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after buying an additional 1,828 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Hawaiian in the third quarter worth $152,000. Flinton Capital Management LLC increased its position in Hawaiian by 80.9% in the second quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after purchasing an additional 2,016 shares during the last quarter. SG Americas Securities LLC increased its position in Hawaiian by 49.6% in the second quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock worth $243,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in Hawaiian in the second quarter worth $249,000. 93.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total value of $40,650.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on the stock. Buckingham Research restated a “buy” rating on shares of Hawaiian in a research report on Thursday, November 23rd. Cowen cut their price objective on shares of Hawaiian from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Friday, October 13th. BidaskClub upgraded shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Imperial Capital boosted their price objective on shares of Hawaiian from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Hawaiian currently has a consensus rating of “Hold” and an average target price of $46.36.

Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $38.80 on Friday. The company has a market cap of $2,040.00, a PE ratio of 10.78, a price-to-earnings-growth ratio of 4.03 and a beta of 1.52. 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 fifty-two week low of $32.40 and a fifty-two week high of $59.45.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The firm had revenue of $719.56 million for the quarter, compared to the consensus estimate of $721.00 million. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts predict that Hawaiian Holdings, Inc. will post 5.64 EPS for the current fiscal year.

Hawaiian declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 5th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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