Texas Permanent School Fund trimmed its holdings in Hawaiian Holdings, Inc. (NASDAQ:HA) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,469 shares of the transportation company’s stock after selling 3,633 shares during the quarter. Texas Permanent School Fund’s holdings in Hawaiian were worth $1,413,000 at the end of the most recent quarter.

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

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $36.70 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1,925.72, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 3.12 and a beta of 1.54. Hawaiian Holdings, Inc. has a 52-week low of $32.40 and a 52-week high of $59.45.

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

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

Hawaiian announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 5th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several research analysts recently issued reports on HA shares. Citigroup dropped their price objective on Hawaiian from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Buckingham Research raised Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, November 16th. BidaskClub cut Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 28th. Imperial Capital increased their price objective on 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 Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Hawaiian currently has a consensus rating of “Hold” and a consensus price target of $48.36.

COPYRIGHT VIOLATION WARNING: “Hawaiian Holdings, Inc. (HA) Stake Decreased by Texas Permanent School Fund” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/11/hawaiian-holdings-inc-ha-stake-decreased-by-texas-permanent-school-fund.html.

About Hawaiian

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.

Want to see what other hedge funds are holding HA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Holdings, Inc. (NASDAQ:HA).

Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

Receive News & Ratings for Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.