Alliancebernstein L.P. raised its holdings in Hawaiian Holdings, Inc. (NASDAQ:HA) by 1,244.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,233,908 shares of the transportation company’s stock after acquiring an additional 1,142,148 shares during the quarter. Alliancebernstein L.P.’s holdings in Hawaiian were worth $49,171,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of HA. FNY Managed Accounts LLC bought a new position in shares of Hawaiian in the 3rd quarter valued at about $152,000. First Mercantile Trust Co. grew its position in shares of Hawaiian by 90.1% in the 4th quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock valued at $216,000 after acquiring an additional 2,572 shares during the period. CIBC Asset Management Inc bought a new position in shares of Hawaiian in the 4th quarter valued at about $259,000. Eqis Capital Management Inc. grew its position in shares of Hawaiian by 27.2% in the 4th quarter. Eqis Capital Management Inc. now owns 7,751 shares of the transportation company’s stock valued at $309,000 after acquiring an additional 1,657 shares during the period. Finally, Boothbay Fund Management LLC grew its position in shares of Hawaiian by 107.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 8,939 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 4,639 shares during the period. Hedge funds and other institutional investors own 89.72% of the company’s stock.
Shares of Hawaiian Holdings, Inc. (HA) opened at $37.75 on Wednesday. The company has a market cap of $1,940.00, a PE ratio of 7.75, a P/E/G ratio of 3.08 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.79 and a current ratio of 0.79. Hawaiian Holdings, Inc. has a twelve month low of $32.40 and a twelve month high of $59.45.
Hawaiian announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 5th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.27%. The ex-dividend date was Tuesday, February 13th. Hawaiian’s dividend payout ratio (DPR) is 9.86%.
A number of research analysts have recently commented on the stock. Imperial Capital lifted their price objective on shares of Hawaiian from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Buckingham Research reissued a “buy” rating on shares of Hawaiian in a research report on Thursday, November 23rd. BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine downgraded shares of Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Argus reissued a “hold” rating and issued a $61.00 price objective on shares of Hawaiian in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.42.
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Hawaiian 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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