New York State Teachers Retirement System decreased its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,472 shares of the transportation company’s stock after selling 1,147 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Hawaiian worth $526,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of HA. Amundi Pioneer Asset Management Inc. purchased a new stake in Hawaiian in the first quarter worth approximately $81,000. Acadian Asset Management LLC boosted its holdings in Hawaiian by 62.0% in the first quarter. Acadian Asset Management LLC now owns 3,662 shares of the transportation company’s stock worth $38,000 after purchasing an additional 1,402 shares during the last quarter. Cognios Capital LLC purchased a new stake in Hawaiian in the first quarter worth approximately $51,000. Westside Investment Management Inc. purchased a new stake in Hawaiian in the first quarter worth approximately $37,619,000. Finally, Nisa Investment Advisors LLC raised its position in Hawaiian by 475.7% in the first quarter. Nisa Investment Advisors LLC now owns 7,715 shares of the transportation company’s stock worth $81,000 after acquiring an additional 6,375 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.
Shares of HA stock opened at $11.89 on Friday. The company has a market capitalization of $546.94 million, a price-to-earnings ratio of -4.40 and a beta of 2.35. Hawaiian Holdings, Inc. has a one year low of $7.55 and a one year high of $31.34. The company’s fifty day moving average price is $14.12 and its 200-day moving average price is $17.10. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.93 and a quick ratio of 0.96.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($3.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.42) by ($0.39). The company had revenue of $60.00 million during the quarter, compared to the consensus estimate of $59.48 million. Hawaiian had a negative net margin of 5.83% and a negative return on equity of 8.35%. The business’s revenue was down 91.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Equities research analysts expect that Hawaiian Holdings, Inc. will post -9.14 earnings per share for the current fiscal year.
Several research analysts have weighed in on HA shares. Stifel Nicolaus increased their price target on shares of Hawaiian from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Hawaiian from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. BidaskClub downgraded shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 25th. Zacks Investment Research downgraded shares of Hawaiian from a “hold” rating to a “sell” rating and set a $13.00 price target on the stock. in a research report on Friday. Finally, Wolfe Research downgraded shares of Hawaiian from a “peer perform” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research report on Friday, May 29th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.91.
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; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.
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