BlueMountain Capital Management LLC Grows Holdings in Hawaiian Holdings, Inc. (HA)

BlueMountain Capital Management LLC raised its position in Hawaiian Holdings, Inc. (NASDAQ:HA) by 528.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 86,912 shares of the transportation company’s stock after acquiring an additional 73,092 shares during the period. BlueMountain Capital Management LLC owned about 0.16% of Hawaiian Holdings worth $4,081,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its stake in Hawaiian Holdings by 2.3% in the 1st quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 56 shares in the last quarter. Neuburgh Advisers LLC lifted its stake in Hawaiian Holdings by 2.3% in the 1st quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 68 shares in the last quarter. US Bancorp DE lifted its stake in Hawaiian Holdings by 42.4% in the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 1,012 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Hawaiian Holdings by 67.3% in the 1st quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in Hawaiian Holdings by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,828 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Hawaiian Holdings, Inc. (NASDAQ HA) traded down 1.71% on Friday, hitting $40.25. The company had a trading volume of 1,100,088 shares. Hawaiian Holdings, Inc. has a one year low of $39.00 and a one year high of $60.90. The stock has a market capitalization of $2.16 billion, a PE ratio of 9.79 and a beta of 1.41. The stock has a 50 day moving average of $41.90 and a 200-day moving average of $47.57.

Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. Hawaiian Holdings’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. Equities analysts anticipate that Hawaiian Holdings, Inc. will post $5.71 EPS for the current year.

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HA has been the topic of several research reports. Credit Suisse Group initiated coverage on Hawaiian Holdings in a research note on Monday, June 5th. They issued an “outperform” rating and a $45.00 target price on the stock. Cowen and Company boosted their price target on Hawaiian Holdings from $56.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. Imperial Capital boosted their price target on Hawaiian Holdings from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, June 8th. Deutsche Bank AG lowered Hawaiian Holdings from a “buy” rating to a “hold” rating and lowered their price target for the stock from $63.00 to $59.00 in a research report on Thursday, June 8th. Finally, BidaskClub raised Hawaiian Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $52.17.

In related news, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction on Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the sale, the executive vice president now directly owns 199,411 shares in the company, valued at $9,591,669.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald J. Carty purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average price of $47.10 per share, for a total transaction of $141,300.00. Following the completion of the acquisition, the director now directly owns 13,675 shares of the company’s stock, valued at approximately $644,092.50. The disclosure for this purchase can be found here. Insiders have sold 4,500 shares of company stock worth $202,030 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

About Hawaiian Holdings

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 Holdings (NASDAQ:HA)

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