Charles Schwab Investment Management Inc. Sells 37,115 Shares of Hawaiian Holdings, Inc. (NASDAQ:HA)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HAFree Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 373,491 shares of the transportation company’s stock after selling 37,115 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of Hawaiian worth $5,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of Hawaiian by 10.9% in the third quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 8,000 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Hawaiian in the third quarter valued at approximately $215,000. Jump Financial LLC raised its position in shares of Hawaiian by 129.0% in the third quarter. Jump Financial LLC now owns 112,953 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 63,620 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Hawaiian in the third quarter valued at approximately $83,000. Finally, Barclays PLC raised its position in shares of Hawaiian by 96.3% in the third quarter. Barclays PLC now owns 128,061 shares of the transportation company’s stock valued at $812,000 after purchasing an additional 62,835 shares during the period. Institutional investors own 70.15% of the company’s stock.

Hawaiian Trading Down 0.8 %

Shares of HA stock opened at $13.55 on Tuesday. Hawaiian Holdings, Inc. has a 1 year low of $3.70 and a 1 year high of $14.89. The firm’s fifty day simple moving average is $13.17 and its 200 day simple moving average is $12.95. The firm has a market capitalization of $702.57 million, a P/E ratio of -2.34 and a beta of 2.39. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74.

Hawaiian (NASDAQ:HAGet Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. The company had revenue of $645.57 million for the quarter, compared to the consensus estimate of $629.24 million. During the same period last year, the firm posted ($2.17) EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Hawaiian Holdings, Inc. will post -5.4 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Susquehanna dropped their target price on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th.

Check Out Our Latest Report on Hawaiian

Hawaiian Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hawaiian (NASDAQ:HA)

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