Koch Industries Inc. Purchases New Stake in Hawaiian Holdings, Inc. (HA)

Koch Industries Inc. purchased a new stake in Hawaiian Holdings, Inc. (NASDAQ:HA) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,626 shares of the transportation company’s stock, valued at approximately $450,000.

Other hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in shares of Hawaiian by 1,244.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,233,908 shares of the transportation company’s stock worth $49,171,000 after acquiring an additional 1,142,148 shares in the last quarter. Royce & Associates LP raised its position in shares of Hawaiian by 191,969.7% during the 4th quarter. Royce & Associates LP now owns 678,006 shares of the transportation company’s stock worth $27,019,000 after acquiring an additional 677,653 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hawaiian by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,364,574 shares of the transportation company’s stock worth $91,509,000 after acquiring an additional 401,783 shares in the last quarter. Cannell Peter B & Co. Inc. acquired a new stake in shares of Hawaiian during the 1st quarter worth about $10,335,000. Finally, Millennium Management LLC raised its position in shares of Hawaiian by 30.0% during the 4th quarter. Millennium Management LLC now owns 1,096,662 shares of the transportation company’s stock worth $43,702,000 after acquiring an additional 253,340 shares in the last quarter. 85.51% of the stock is currently owned by institutional investors.

In related news, Director Donald J. Carty bought 5,000 shares of the stock in a transaction on Friday, March 16th. The shares were bought at an average cost of $37.79 per share, for a total transaction of $188,950.00. Following the purchase, the director now owns 18,675 shares of the company’s stock, valued at approximately $705,728.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Buckingham Research lowered Hawaiian from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Friday, May 4th. Cowen cut their target price on Hawaiian from $45.00 to $43.00 and set a “market perform” rating on the stock in a research report on Tuesday. Morgan Stanley cut their target price on Hawaiian from $41.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 12th. ValuEngine lowered Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 9th. Finally, Imperial Capital cut their target price on Hawaiian from $82.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, May 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Hawaiian has an average rating of “Hold” and an average target price of $50.91.

Hawaiian opened at $37.85 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $2.01 billion, a P/E ratio of 6.71 and a beta of 1.47. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. Hawaiian Holdings, Inc. has a 52-week low of $32.40 and a 52-week high of $57.15.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, April 24th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.30. The firm had revenue of $665.40 million for the quarter, compared to the consensus estimate of $652.95 million. Hawaiian had a return on equity of 35.10% and a net margin of 12.95%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. research analysts expect that Hawaiian Holdings, Inc. will post 5.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. Hawaiian’s dividend payout ratio is presently 8.51%.

Hawaiian 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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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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