Hawaiian Holdings, Inc. (HA) Stake Raised by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 13.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 416,980 shares of the transportation company’s stock after purchasing an additional 49,160 shares during the quarter. Prudential Financial Inc.’s holdings in Hawaiian were worth $16,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HA. Flinton Capital Management LLC increased its position in Hawaiian by 28.2% in the fourth quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock worth $253,000 after purchasing an additional 1,400 shares during the last quarter. LPL Financial LLC increased its position in Hawaiian by 16.2% in the fourth quarter. LPL Financial LLC now owns 11,790 shares of the transportation company’s stock worth $470,000 after purchasing an additional 1,643 shares during the last quarter. Eqis Capital Management Inc. increased its position in Hawaiian by 27.2% in the fourth quarter. Eqis Capital Management Inc. now owns 7,751 shares of the transportation company’s stock worth $309,000 after purchasing an additional 1,657 shares during the last quarter. Financial Consulate Inc. increased its position in Hawaiian by 4.1% in the fourth quarter. Financial Consulate Inc. now owns 57,271 shares of the transportation company’s stock worth $2,282,000 after purchasing an additional 2,248 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in Hawaiian by 90.1% in the fourth quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock worth $216,000 after purchasing an additional 2,572 shares during the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Imperial Capital boosted their price target on shares of Hawaiian from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. BidaskClub upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine cut shares of Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Buckingham Research boosted their price target on shares of Hawaiian from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Finally, Stifel Nicolaus boosted their price target on shares of Hawaiian from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $50.50.



In related news, Director Donald J. Carty bought 5,000 shares of the stock in a transaction dated Friday, March 16th. The stock was purchased at an average cost of $37.79 per share, with a total value of $188,950.00. Following the completion of the purchase, the director now owns 18,675 shares of the company’s stock, valued at $705,728.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Hawaiian opened at $39.00 on Wednesday, Marketbeat.com reports. 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 twelve month low of $32.40 and a twelve month high of $59.45. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 6.89 and a beta of 1.52.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, April 24th. The transportation company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.30. Hawaiian had a net margin of 12.95% and a return on equity of 35.10%. The business had revenue of $665.40 million for the quarter, compared to analysts’ expectations of $652.95 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. analysts anticipate that Hawaiian Holdings, Inc. will post 5.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, May 10th. Hawaiian’s dividend payout ratio (DPR) is 8.51%.

About Hawaiian

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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