Engineers Gate Manager LP reduced its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 75.1% in the 4th quarter, HoldingsChannel reports. The fund owned 25,110 shares of the transportation company’s stock after selling 75,746 shares during the period. Engineers Gate Manager LP’s holdings in Hawaiian were worth $1,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HA. Northern Trust Corp grew its stake in shares of Hawaiian by 2.6% during the 2nd quarter. Northern Trust Corp now owns 780,600 shares of the transportation company’s stock worth $36,650,000 after acquiring an additional 19,914 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Hawaiian by 5.3% during the 2nd quarter. California Public Employees Retirement System now owns 123,400 shares of the transportation company’s stock worth $5,794,000 after acquiring an additional 6,200 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Hawaiian by 51.3% during the 2nd quarter. Advisor Group Inc. now owns 6,070 shares of the transportation company’s stock worth $283,000 after acquiring an additional 2,057 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Hawaiian by 16.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 183,122 shares of the transportation company’s stock worth $8,598,000 after acquiring an additional 25,549 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Hawaiian by 10.4% during the 2nd quarter. Voya Investment Management LLC now owns 32,981 shares of the transportation company’s stock worth $1,548,000 after acquiring an additional 3,107 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Hawaiian Holdings, Inc. (HA) opened at $36.70 on Friday. Hawaiian Holdings, Inc. has a 52 week low of $32.40 and a 52 week high of $59.45. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1,925.72, a price-to-earnings ratio of 6.51, a P/E/G ratio of 3.12 and a beta of 1.54.

Hawaiian (NASDAQ:HA) last released its earnings results on Monday, January 29th. The transportation company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.10. Hawaiian had a net margin of 13.51% and a return on equity of 38.73%. The business had revenue of $686.50 million during the quarter, compared to analysts’ expectations of $686.00 million. During the same period last year, the business earned $1.28 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. research analysts anticipate that Hawaiian Holdings, Inc. will post 5.21 EPS for the current fiscal year.

Hawaiian declared that its board has authorized a stock repurchase plan on Tuesday, December 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. Hawaiian’s dividend payout ratio is presently 7.01%.

HA has been the subject of several research reports. Citigroup decreased their price target on shares of Hawaiian from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Buckingham Research raised shares of Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, November 16th. BidaskClub cut shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 28th. Imperial Capital raised their price target on shares of Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Hawaiian currently has an average rating of “Hold” and an average price target of $48.36.

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Hawaiian Profile

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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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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