Voya Investment Management LLC Lowers Position in Hawaiian Holdings, Inc. (NASDAQ:HA)

Voya Investment Management LLC cut its stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,519 shares of the transportation company’s stock after selling 1,149 shares during the period. Voya Investment Management LLC owned about 0.10% of Hawaiian worth $1,274,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Hawaiian in the second quarter valued at approximately $65,000. Amundi Pioneer Asset Management Inc. purchased a new position in Hawaiian in the first quarter worth $81,000. 6 Meridian bought a new position in Hawaiian in the 3rd quarter valued at $236,000. Brinker Capital Inc. grew its stake in Hawaiian by 11.9% in the 3rd quarter. Brinker Capital Inc. now owns 9,257 shares of the transportation company’s stock valued at $243,000 after purchasing an additional 986 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Hawaiian by 5.7% during the 2nd quarter. Janus Henderson Group PLC now owns 9,272 shares of the transportation company’s stock valued at $254,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.

Shares of NASDAQ HA opened at $29.29 on Wednesday. Hawaiian Holdings, Inc. has a one year low of $22.84 and a one year high of $34.15. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $29.67 and its 200-day moving average price is $27.17. The stock has a market capitalization of $1.39 billion, a PE ratio of 5.38 and a beta of 1.68.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.36. Hawaiian had a return on equity of 22.23% and a net margin of 7.30%. The company had revenue of $755.15 million during the quarter, compared to analyst estimates of $755.85 million. During the same quarter last year, the firm posted $1.91 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts expect that Hawaiian Holdings, Inc. will post 4.55 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, November 14th. Hawaiian’s dividend payout ratio (DPR) is presently 8.82%.

A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut Hawaiian from a “buy” rating to a “sell” rating and lowered their target price for the stock from $30.00 to $20.00 in a research note on Tuesday, August 20th. BidaskClub upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Deutsche Bank raised their price objective on shares of Hawaiian from $26.00 to $28.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Susquehanna Bancshares began coverage on shares of Hawaiian in a report on Tuesday, November 19th. They set a “neutral” rating and a $27.00 price objective for the company. Finally, ValuEngine raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Hawaiian currently has a consensus rating of “Hold” and a consensus price target of $27.64.

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

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