Hawaiian Holdings, Inc. (HA) Stake Decreased by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in shares of Hawaiian Holdings, Inc. (NASDAQ:HA) by 10.0% in the second quarter, HoldingsChannel.com reports. The fund owned 128,421 shares of the transportation company’s stock after selling 14,252 shares during the quarter. California Public Employees Retirement System’s holdings in Hawaiian were worth $4,617,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Aperio Group LLC lifted its position in Hawaiian by 7.6% during the 2nd quarter. Aperio Group LLC now owns 19,491 shares of the transportation company’s stock worth $701,000 after acquiring an additional 1,370 shares during the period. Neuburgh Advisers LLC lifted its position in Hawaiian by 18.1% during the 2nd quarter. Neuburgh Advisers LLC now owns 9,112 shares of the transportation company’s stock worth $328,000 after acquiring an additional 1,394 shares during the period. Russell Investments Group Ltd. lifted its position in Hawaiian by 12.7% during the 1st quarter. Russell Investments Group Ltd. now owns 13,879 shares of the transportation company’s stock worth $538,000 after acquiring an additional 1,565 shares during the period. Raymond James & Associates lifted its position in Hawaiian by 1.9% during the 2nd quarter. Raymond James & Associates now owns 118,066 shares of the transportation company’s stock worth $4,245,000 after acquiring an additional 2,197 shares during the period. Finally, James Investment Research Inc. lifted its position in Hawaiian by 0.8% during the 2nd quarter. James Investment Research Inc. now owns 281,712 shares of the transportation company’s stock worth $10,127,000 after acquiring an additional 2,350 shares during the period. 84.83% of the stock is owned by institutional investors.

HA has been the subject of a number of research reports. Deutsche Bank raised Hawaiian from a “hold” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $45.00 in a research report on Wednesday, July 25th. Macquarie set a $43.00 price target on Hawaiian and gave the stock a “buy” rating in a research report on Monday, October 8th. Buckingham Research boosted their price objective on Hawaiian from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 7th. BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Stifel Nicolaus decreased their price objective on Hawaiian from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, July 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.00.

Shares of HA stock opened at $34.05 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of 6.04 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.63. Hawaiian Holdings, Inc. has a 52-week low of $32.40 and a 52-week high of $44.25.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.18. The business had revenue of $715.45 million during the quarter, compared to analysts’ expectations of $716.52 million. Hawaiian had a return on equity of 32.45% and a net margin of 12.73%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. As a group, equities research analysts expect that Hawaiian Holdings, Inc. will post 5.75 earnings per share for the current fiscal year.

Hawaiian Profile

Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.

Further Reading: How analysts view the yield curve

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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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