Macquarie Group Ltd. grew its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 7.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,795 shares of the transportation company’s stock after purchasing an additional 39,369 shares during the quarter. Macquarie Group Ltd. owned about 1.06% of Hawaiian worth $19,370,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HA. US Bancorp DE boosted its position in Hawaiian by 77.1% during the first quarter. US Bancorp DE now owns 3,456 shares of the transportation company’s stock worth $134,000 after purchasing an additional 1,505 shares during the period. Quadrature Capital Ltd bought a new position in Hawaiian during the first quarter worth about $232,000. Stevens Capital Management LP bought a new position in Hawaiian during the second quarter worth about $244,000. Sei Investments Co. boosted its position in Hawaiian by 206.6% during the first quarter. Sei Investments Co. now owns 8,379 shares of the transportation company’s stock worth $324,000 after purchasing an additional 5,646 shares during the period. Finally, Neuburgh Advisers LLC boosted its position in Hawaiian by 18.1% during the second quarter. Neuburgh Advisers LLC now owns 9,112 shares of the transportation company’s stock worth $328,000 after purchasing an additional 1,394 shares during the period. Hedge funds and other institutional investors own 84.84% of the company’s stock.
HA has been the topic of a number of recent analyst reports. BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Deutsche Bank reissued a “hold” rating on shares of Hawaiian in a report on Thursday, July 26th. Buckingham Research increased their price target on shares of Hawaiian from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, September 7th. ValuEngine downgraded shares of Hawaiian from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Morgan Stanley lowered their price target on shares of Hawaiian from $36.00 to $34.00 and set an “underweight” rating on the stock in a report on Thursday, July 12th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.82.
Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.18. The business had revenue of $715.45 million for the quarter, compared to the consensus estimate of $716.52 million. Hawaiian had a net margin of 12.73% and a return on equity of 32.45%. Hawaiian’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. analysts anticipate that Hawaiian Holdings, Inc. will post 5.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, August 16th. Hawaiian’s dividend payout ratio is currently 8.51%.
Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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