Norges Bank purchased a new stake in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 717,988 shares of the company’s stock, valued at approximately $40,925,000. Norges Bank owned 1.34% of Hawaiian Holdings at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HA. BlackRock Fund Advisors boosted its stake in Hawaiian Holdings by 15.6% in the third quarter. BlackRock Fund Advisors now owns 3,621,734 shares of the company’s stock valued at $176,016,000 after buying an additional 489,803 shares during the period. Renaissance Technologies LLC boosted its stake in Hawaiian Holdings by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,494,100 shares of the company’s stock valued at $142,164,000 after buying an additional 183,700 shares during the period. State Street Corp boosted its stake in Hawaiian Holdings by 9.8% in the fourth quarter. State Street Corp now owns 1,300,823 shares of the company’s stock valued at $74,149,000 after buying an additional 115,637 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Hawaiian Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,377 shares of the company’s stock valued at $61,838,000 after buying an additional 46,278 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Hawaiian Holdings by 12.3% in the third quarter. Panagora Asset Management Inc. now owns 1,087,954 shares of the company’s stock valued at $52,875,000 after buying an additional 118,792 shares during the period. 88.80% of the stock is owned by institutional investors and hedge funds.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 48.45 on Friday. Hawaiian Holdings, Inc. has a 12-month low of $34.69 and a 12-month high of $60.90. The firm’s 50-day moving average is $49.52 and its 200-day moving average is $50.75. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.11 and a beta of 1.12.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $1.28 EPS for the quarter, hitting analysts’ consensus estimates of $1.28. The business earned $632.97 million during the quarter, compared to the consensus estimate of $625.47 million. Hawaiian Holdings had a net margin of 10.28% and a return on equity of 48.91%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts forecast that Hawaiian Holdings, Inc. will post $4.77 EPS for the current fiscal year.
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Several brokerages have recently commented on HA. Bank of America Corp lowered shares of Hawaiian Holdings from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 10th. Zacks Investment Research upgraded shares of Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a report on Thursday, December 8th. Morgan Stanley restated an “overweight” rating on shares of Hawaiian Holdings in a report on Wednesday, February 22nd. Deutsche Bank AG upped their price objective on shares of Hawaiian Holdings from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Finally, Argus upped their price objective on shares of Hawaiian Holdings from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.27.
In related news, EVP Peter R. Ingram sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $50.00, for a total value of $125,000.00. Following the completion of the sale, the executive vice president now directly owns 216,911 shares in the company, valued at $10,845,550. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark B. Dunkerley sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $56.05, for a total transaction of $1,681,500.00. Following the completion of the sale, the insider now owns 481,828 shares of the company’s stock, valued at $27,006,459.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,500 shares of company stock valued at $3,413,170. Insiders own 3.40% of the company’s stock.
About Hawaiian Holdings
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.
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