Charles Schwab Investment Management Inc. increased its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 446,763 shares of the transportation company’s stock after acquiring an additional 16,029 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hawaiian were worth $7,908,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Vantage Consulting Group Inc acquired a new stake in Hawaiian during the 4th quarter worth $61,000. LPL Financial LLC acquired a new stake in Hawaiian during the 4th quarter worth $203,000. Credit Suisse AG raised its stake in Hawaiian by 63.7% during the 4th quarter. Credit Suisse AG now owns 65,762 shares of the transportation company’s stock worth $1,164,000 after buying an additional 25,596 shares during the period. Alpha Paradigm Partners LLC acquired a new stake in Hawaiian during the 4th quarter worth $1,819,000. Finally, Quinn Opportunity Partners LLC raised its stake in shares of Hawaiian by 120.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 138,857 shares of the transportation company’s stock valued at $2,458,000 after purchasing an additional 75,857 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Theodoros Panagiotoulias sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $22.32, for a total value of $66,960.00. Following the completion of the sale, the senior vice president now owns 38,432 shares of the company’s stock, valued at approximately $857,802.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.
Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Monday, January 25th. The transportation company reported ($3.71) EPS for the quarter, missing the consensus estimate of ($3.49) by ($0.22). The company had revenue of $149.68 million during the quarter, compared to analyst estimates of $150.13 million. Hawaiian had a negative net margin of 21.28% and a negative return on equity of 37.81%. The company’s quarterly revenue was down 78.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. As a group, sell-side analysts predict that Hawaiian Holdings, Inc. will post -11.59 EPS for the current fiscal year.
A number of research firms recently issued reports on HA. The Goldman Sachs Group increased their price objective on Hawaiian from $7.00 to $14.00 and gave the stock a “sell” rating in a report on Tuesday, March 16th. TheStreet raised Hawaiian from a “d+” rating to a “c-” rating in a research report on Monday, March 22nd. Wolfe Research raised Hawaiian from an “underperform” rating to a “peer perform” rating in a research report on Thursday, March 11th. Stifel Nicolaus upped their price target on Hawaiian from $19.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, March 22nd. Finally, Cowen downgraded Hawaiian from a “market perform” rating to an “underperform” rating and set a $15.00 price target for the company. in a research report on Monday, January 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Hawaiian presently has an average rating of “Hold” and a consensus target price of $18.43.
Hawaiian Company 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; Portland, Oregon; and Seattle, Washington.
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