Louisiana State Employees Retirement System Decreases Position in Hawaiian Holdings, Inc. (HA)

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Louisiana State Employees Retirement System cut its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 18,100 shares of the transportation company’s stock after selling 392 shares during the period. Louisiana State Employees Retirement System’s holdings in Hawaiian were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Hawaiian by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after acquiring an additional 335,590 shares during the period. LSV Asset Management raised its position in shares of Hawaiian by 5.1% in the fourth quarter. LSV Asset Management now owns 1,433,951 shares of the transportation company’s stock worth $37,870,000 after acquiring an additional 70,006 shares during the period. Royce & Associates LP raised its position in shares of Hawaiian by 10.0% in the fourth quarter. Royce & Associates LP now owns 1,102,062 shares of the transportation company’s stock worth $29,105,000 after acquiring an additional 99,741 shares during the period. Bank of New York Mellon Corp raised its position in shares of Hawaiian by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 829,668 shares of the transportation company’s stock worth $21,911,000 after acquiring an additional 33,608 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Hawaiian by 15.8% in the fourth quarter. Macquarie Group Ltd. now owns 776,667 shares of the transportation company’s stock worth $20,512,000 after acquiring an additional 106,169 shares during the period. Institutional investors own 90.40% of the company’s stock.

Shares of Hawaiian stock opened at $29.69 on Tuesday. Hawaiian Holdings, Inc. has a 1 year low of $24.24 and a 1 year high of $44.25. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 5.46 and a beta of 1.80.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. Hawaiian had a net margin of 8.22% and a return on equity of 29.82%. The company had revenue of $697.50 million for the quarter, compared to the consensus estimate of $700.19 million. During the same period last year, the firm posted $1.10 EPS. Hawaiian’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Hawaiian Holdings, Inc. will post 3.96 EPS for the current year.

Several research analysts recently weighed in on HA shares. BidaskClub upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday. Macquarie upgraded shares of Hawaiian from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $35.00 in a research report on Thursday, April 11th. Zacks Investment Research upgraded shares of Hawaiian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Imperial Capital reaffirmed an “outperform” rating and set a $38.00 price objective (up previously from $36.00) on shares of Hawaiian in a research note on Wednesday, April 10th. Finally, Buckingham Research dropped their price objective on shares of Hawaiian from $33.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.60.

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About Hawaiian

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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