Adams Asset Advisors LLC Has $1.43 Million Holdings in Hawaiian Holdings, Inc. (HA)

Adams Asset Advisors LLC raised its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 45.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,953 shares of the transportation company’s stock after purchasing an additional 11,251 shares during the period. Adams Asset Advisors LLC’s holdings in Hawaiian were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. GSA Capital Partners LLP raised its position in Hawaiian by 44.7% in the 3rd quarter. GSA Capital Partners LLP now owns 29,227 shares of the transportation company’s stock valued at $1,097,000 after purchasing an additional 9,027 shares in the last quarter. California Public Employees Retirement System raised its position in Hawaiian by 9.0% in the 3rd quarter. California Public Employees Retirement System now owns 134,448 shares of the transportation company’s stock valued at $5,049,000 after purchasing an additional 11,048 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Hawaiian by 96.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 9,840 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 4,840 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in Hawaiian by 100.1% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 58,030 shares of the transportation company’s stock valued at $2,179,000 after purchasing an additional 29,036 shares in the last quarter. Finally, U S Global Investors Inc. raised its position in Hawaiian by 19.9% in the 3rd quarter. U S Global Investors Inc. now owns 123,238 shares of the transportation company’s stock valued at $4,621,000 after purchasing an additional 20,449 shares in the last quarter. 93.72% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on HA. Argus reaffirmed a “hold” rating and issued a $61.00 price target on shares of Hawaiian in a research report on Thursday. BidaskClub lowered Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. ValuEngine raised Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Buckingham Research reaffirmed a “buy” rating on shares of Hawaiian in a research report on Thursday, November 23rd. Finally, Imperial Capital increased their price target on Hawaiian from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Hawaiian presently has an average rating of “Hold” and a consensus target price of $47.58.

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) traded up $1.00 during midday trading on Thursday, hitting $38.75. The stock had a trading volume of 1,400,000 shares, compared to its average volume of 1,070,000. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. Hawaiian Holdings, Inc. has a 1-year low of $32.40 and a 1-year high of $59.45. The firm has a market cap of $2,030.00, a price-to-earnings ratio of 10.76, a PEG ratio of 3.93 and a beta of 1.52.

Hawaiian (NASDAQ:HA) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. During the same quarter last year, the company earned $1.91 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. sell-side analysts forecast that Hawaiian Holdings, Inc. will post 5.64 earnings per share for the current year.

Hawaiian declared that its board has approved a stock repurchase program on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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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