Russell Investments Group Ltd. increased its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 218.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 39,200 shares of the transportation company’s stock after buying an additional 26,886 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hawaiian were worth $1,572,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. First Hawaiian Bank bought a new stake in Hawaiian during the third quarter worth $146,000. Stevens Capital Management LP bought a new position in shares of Hawaiian in the 2nd quarter valued at $244,000. Fox Run Management L.L.C. bought a new position in shares of Hawaiian in the 3rd quarter valued at $290,000. Neuburgh Advisers LLC lifted its stake in shares of Hawaiian by 18.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 9,112 shares of the transportation company’s stock valued at $328,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Hawaiian in the 2nd quarter valued at $330,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on HA. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. Buckingham Research increased their price target on Hawaiian from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Imperial Capital reiterated an “outperform” rating and issued a $59.00 price target (up from $57.00) on shares of Hawaiian in a research note on Tuesday. Finally, Citigroup increased their price target on Hawaiian from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, November 29th. Four equities 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 stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.42.
Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.17. The business had revenue of $759.10 million during the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. Hawaiian’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. Analysts expect that Hawaiian Holdings, Inc. will post 5.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 15th. 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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