Vanguard Group Inc. Sells 1,051,873 Shares of Hawaiian Holdings, Inc. (NASDAQ:HA)

Vanguard Group Inc. lowered its holdings in shares of Hawaiian Holdings, Inc. (NASDAQ:HA - Free Report) by 23.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,459,585 shares of the transportation company's stock after selling 1,051,873 shares during the period. Vanguard Group Inc. owned about 6.70% of Hawaiian worth $21,899,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in shares of Hawaiian by 70.1% during the 1st quarter. Captrust Financial Advisors now owns 3,641 shares of the transportation company's stock worth $72,000 after buying an additional 1,500 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Hawaiian by 195.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,043 shares of the transportation company's stock worth $44,000 after buying an additional 2,675 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Hawaiian by 436.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,669 shares of the transportation company's stock worth $61,000 after buying an additional 4,612 shares in the last quarter. FMR LLC increased its holdings in Hawaiian by 213.3% in the 1st quarter. FMR LLC now owns 6,375 shares of the transportation company's stock worth $58,000 after purchasing an additional 4,340 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Hawaiian by 31.9% in the 2nd quarter. Osaic Holdings Inc. now owns 9,078 shares of the transportation company's stock worth $98,000 after purchasing an additional 2,195 shares in the last quarter. Institutional investors and hedge funds own 70.15% of the company's stock.

Hawaiian Price Performance

HA traded down $0.19 on Friday, reaching $13.01. The stock had a trading volume of 811,216 shares, compared to its average volume of 599,409. Hawaiian Holdings, Inc. has a fifty-two week low of $3.70 and a fifty-two week high of $14.89. The firm has a 50-day moving average of $13.71 and a 200-day moving average of $10.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 16.74. The company has a market capitalization of $674.57 million, a price-to-earnings ratio of -2.58 and a beta of 2.39.

Hawaiian (NASDAQ:HA - Get Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.35) by ($0.02). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The firm had revenue of $669.07 million during the quarter, compared to analyst estimates of $668.97 million. During the same period in the previous year, the company earned ($0.49) EPS. Hawaiian's revenue for the quarter was down 8.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Hawaiian Holdings, Inc. will post -3.79 EPS for the current 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.