Hawaiian Holdings, Inc. (NASDAQ:HA) Stake Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in Hawaiian Holdings, Inc. (NASDAQ:HA) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,562 shares of the transportation company’s stock after acquiring an additional 1,226 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hawaiian were worth $256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Hawaiian by 210.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after buying an additional 3,719 shares in the last quarter. Wedbush Securities Inc. bought a new stake in Hawaiian during the second quarter worth approximately $146,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Hawaiian by 39.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 13,910 shares of the transportation company’s stock worth $173,000 after buying an additional 3,910 shares in the last quarter. Keynote Financial Services LLC bought a new stake in Hawaiian during the first quarter worth approximately $263,000. Finally, SG Americas Securities LLC boosted its holdings in Hawaiian by 42.9% during the first quarter. SG Americas Securities LLC now owns 20,283 shares of the transportation company’s stock worth $270,000 after buying an additional 6,093 shares in the last quarter. 70.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TD Cowen raised their price objective on shares of Hawaiian from $13.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, August 21st.

Hawaiian Stock Up 3.9 %

Hawaiian stock opened at $18.00 on Friday. The company has a market capitalization of $933.28 million, a P/E ratio of -3.11 and a beta of 2.40. The firm’s fifty day simple moving average is $17.41 and its 200-day simple moving average is $14.54. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 16.74. Hawaiian Holdings, Inc. has a 1-year low of $3.70 and a 1-year high of $18.00.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported ($1.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.03). The business had revenue of $731.91 million for the quarter, compared to the consensus estimate of $745.68 million. Hawaiian had a negative net margin of 12.80% and a negative return on equity of 1,220.98%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.47) EPS. Sell-side analysts forecast that Hawaiian Holdings, Inc. will post -7.62 earnings per share for the current fiscal year.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.