Roman Butler Fullerton & Co. lifted its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,799 shares of the transportation company’s stock after purchasing an additional 3,238 shares during the period. Roman Butler Fullerton & Co.’s holdings in Hawaiian were worth $324,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC acquired a new position in Hawaiian during the first quarter worth approximately $37,000. Amundi Pioneer Asset Management Inc. acquired a new position in Hawaiian during the first quarter worth approximately $81,000. First Hawaiian Bank increased its position in Hawaiian by 51.8% during the first quarter. First Hawaiian Bank now owns 3,810 shares of the transportation company’s stock worth $101,000 after buying an additional 1,300 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Hawaiian during the first quarter worth approximately $216,000. Finally, Brinker Capital Inc. acquired a new position in Hawaiian during the first quarter worth approximately $227,000. Institutional investors and hedge funds own 93.33% of the company’s stock.
Shares of HA stock traded up $0.60 during trading on Friday, hitting $26.54. The company had a trading volume of 19,322 shares, compared to its average volume of 541,354. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 4.87 and a beta of 1.79. The stock’s 50-day simple moving average is $27.09. Hawaiian Holdings, Inc. has a one year low of $24.24 and a one year high of $44.25.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 15th. Hawaiian’s payout ratio is presently 8.82%.
HA has been the subject of a number of research analyst reports. BidaskClub cut Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday. Buckingham Research reduced their price objective on Hawaiian from $33.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup set a $30.00 price objective on Hawaiian and gave the stock a “hold” rating in a report on Wednesday. Deutsche Bank set a $24.00 price objective on Hawaiian and gave the stock a “sell” rating in a report on Wednesday. Finally, Cowen restated a “market perform” rating and set a $29.00 price objective (down previously from $31.00) on shares of Hawaiian in a report on Wednesday. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.89.
Hawaiian Company Profile
Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, 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 Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.
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