Oppenheimer & Co. Inc. Cuts Holdings in Hawaiian Holdings, Inc. (NASDAQ:HA)

Oppenheimer & Co. Inc. cut its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 28.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,770 shares of the transportation company’s stock after selling 61,741 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.32% of Hawaiian worth $4,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HA. Arizona State Retirement System boosted its stake in Hawaiian by 3.4% during the fourth quarter. Arizona State Retirement System now owns 76,080 shares of the transportation company’s stock valued at $2,009,000 after buying an additional 2,478 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Hawaiian in the 4th quarter valued at approximately $143,000. Congress Asset Management Co. MA lifted its stake in shares of Hawaiian by 3.6% in the 4th quarter. Congress Asset Management Co. MA now owns 83,533 shares of the transportation company’s stock valued at $2,206,000 after purchasing an additional 2,885 shares during the last quarter. Bell Rock Capital LLC lifted its stake in shares of Hawaiian by 26.3% in the 4th quarter. Bell Rock Capital LLC now owns 3,824 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 797 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Hawaiian in the 4th quarter valued at approximately $238,000. Institutional investors own 87.40% of the company’s stock.

Shares of NASDAQ:HA opened at $30.73 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.51 billion, a PE ratio of 5.65 and a beta of 1.93. Hawaiian Holdings, Inc. has a 12-month low of $24.81 and a 12-month high of $44.25.

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 Zacks’ consensus estimate of $1.00. The firm had revenue of $697.50 million during the quarter, compared to analysts’ expectations of $700.19 million. Hawaiian had a return on equity of 30.10% and a net margin of 8.22%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. On average, equities research analysts forecast that Hawaiian Holdings, Inc. will post 4.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. Hawaiian’s dividend payout ratio is currently 8.82%.

Several equities research analysts have recently issued reports on the company. Imperial Capital reaffirmed an “outperform” rating and issued a $59.00 price objective (up from $57.00) on shares of Hawaiian in a research note on Tuesday, December 4th. BidaskClub downgraded Hawaiian from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Cowen reiterated a “market perform” rating and issued a $30.00 price target (down from $32.00) on shares of Hawaiian in a report on Thursday, January 10th. ValuEngine downgraded Hawaiian from a “sell” rating to a “strong sell” rating in a report on Thursday, December 6th. Finally, Citigroup reduced their price target on Hawaiian from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, December 6th. Four 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’s stock. Hawaiian presently has an average rating of “Hold” and a consensus price target of $38.09.

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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.

See Also: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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