NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,000 shares of the transportation company’s stock, valued at approximately $238,000.
Several other large investors also recently made changes to their positions in HA. Assenagon Asset Management S.A. bought a new stake in Hawaiian during the fourth quarter valued at about $708,000. Strs Ohio boosted its holdings in Hawaiian by 6.5% during the fourth quarter. Strs Ohio now owns 31,100 shares of the transportation company’s stock valued at $821,000 after acquiring an additional 1,900 shares during the period. Midas Management Corp boosted its holdings in Hawaiian by 29.5% during the fourth quarter. Midas Management Corp now owns 90,000 shares of the transportation company’s stock valued at $2,377,000 after acquiring an additional 20,500 shares during the period. Bank of Montreal Can boosted its holdings in Hawaiian by 11.3% during the fourth quarter. Bank of Montreal Can now owns 117,796 shares of the transportation company’s stock valued at $3,110,000 after acquiring an additional 11,949 shares during the period. Finally, Adams Asset Advisors LLC lifted its stake in shares of Hawaiian by 18.8% in the fourth quarter. Adams Asset Advisors LLC now owns 38,541 shares of the transportation company’s stock valued at $1,017,000 after buying an additional 6,088 shares during the period. Institutional investors own 88.03% of the company’s stock.
Several research firms recently weighed in on HA. Imperial Capital reiterated an “outperform” rating and issued a $59.00 target price (up previously from $57.00) on shares of Hawaiian in a research note on Tuesday, December 4th. BidaskClub cut shares of Hawaiian from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Cowen reiterated a “market perform” rating and issued a $30.00 target price (down previously from $32.00) on shares of Hawaiian in a research note on Thursday, January 10th. ValuEngine cut shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 6th. Finally, Citigroup cut their price target on shares of Hawaiian from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, December 6th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.09.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $697.50 million during the quarter, compared to analyst estimates of $700.19 million. Hawaiian had a net margin of 8.22% and a return on equity of 30.10%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. Equities analysts predict that Hawaiian Holdings, Inc. will post 4.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, February 7th. Hawaiian’s payout ratio is 8.82%.
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Hawaiian Company Profile
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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