HPM Partners LLC Buys Shares of 15,292 Hawaiian Holdings, Inc. (HA)

HPM Partners LLC acquired a new position in Hawaiian Holdings, Inc. (NASDAQ:HA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,292 shares of the transportation company’s stock, valued at approximately $653,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Flinton Capital Management LLC grew its stake in Hawaiian Holdings by 2.3% during the 1st quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 56 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of Hawaiian Holdings by 17.2% in the 1st quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock valued at $137,000 after buying an additional 434 shares during the period. Neuburgh Advisers LLC grew its stake in shares of Hawaiian Holdings by 2.3% in the 1st quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after buying an additional 68 shares during the period. US Bancorp DE grew its stake in shares of Hawaiian Holdings by 42.4% in the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of Hawaiian Holdings by 67.3% in the 1st quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock valued at $163,000 after buying an additional 1,416 shares during the period. 90.42% of the stock is owned by institutional investors and hedge funds.

Hawaiian Holdings, Inc. (NASDAQ:HA) traded down 1.71% on Friday, hitting $40.25. 1,100,088 shares of the company were exchanged. The stock has a market cap of $2.16 billion, a PE ratio of 9.79 and a beta of 1.41. Hawaiian Holdings, Inc. has a 52-week low of $39.00 and a 52-week high of $60.90. The firm has a 50 day moving average of $41.90 and a 200-day moving average of $47.57.

Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The business had revenue of $675.33 million during the quarter, compared to analysts’ expectations of $676.59 million. During the same quarter in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that Hawaiian Holdings, Inc. will post $5.71 earnings per share for the current fiscal year.

In other news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $41.78, for a total value of $41,780.00. Following the transaction, the executive vice president now directly owns 198,411 shares in the company, valued at approximately $8,289,611.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter R. Ingram sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the completion of the transaction, the executive vice president now owns 199,411 shares in the company, valued at $9,591,669.10. The disclosure for this sale can be found here. In the last three months, insiders sold 4,500 shares of company stock valued at $202,030. Corporate insiders own 2.30% of the company’s stock.

Several research firms have recently weighed in on HA. Citigroup Inc. increased their price target on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Deutsche Bank AG lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $63.00 to $59.00 in a report on Thursday, June 8th. Stifel Nicolaus lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $60.00 to $40.00 in a report on Wednesday, June 14th. Imperial Capital restated an “outperform” rating and issued a $74.00 price objective on shares of Hawaiian Holdings in a report on Thursday, July 27th. Finally, BidaskClub lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.17.

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Hawaiian Holdings Company Profile

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.

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

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