BidaskClub lowered shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a hold rating to a sell rating in a report published on Monday, July 24th.
Several other research firms have also weighed in on HA. 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. Citigroup Inc. boosted their price target on Hawaiian Holdings from $59.00 to $62.00 and gave the stock a neutral rating in a research report on Friday, June 9th. Stifel Nicolaus lowered Hawaiian Holdings from a hold rating to a sell rating and decreased their target price for the stock from $60.00 to $40.00 in a report on Wednesday, June 14th. Finally, Zacks Investment Research raised Hawaiian Holdings from a hold rating to a strong-buy rating and set a $62.00 target price on the stock in a report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Hawaiian Holdings currently has an average rating of Hold and a consensus price target of $52.17.
Hawaiian Holdings (NASDAQ:HA) opened at 41.70 on Monday. The firm’s 50-day moving average price is $44.22 and its 200 day moving average price is $48.76. The firm has a market cap of $2.23 billion, a P/E ratio of 10.14 and a beta of 1.38. Hawaiian Holdings has a one year low of $39.45 and a one year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The firm 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%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities research analysts forecast that Hawaiian Holdings will post $5.75 EPS for the current year.
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In related news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $41.78, for a total transaction of $41,780.00. Following the completion of the sale, the executive vice president now directly owns 198,411 shares in the company, valued at approximately $8,289,611.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark B. Dunkerley sold 19,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $56.91, for a total value of $1,081,290.00. Following the sale, the insider now owns 352,942 shares of the company’s stock, valued at $20,085,929.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,500 shares of company stock valued at $1,671,260. Corporate insiders own 2.30% of the company’s stock.
Institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Hawaiian Holdings by 4.2% in the first quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock worth $62,980,000 after buying an additional 55,043 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Hawaiian Holdings during the first quarter worth about $254,000. Massachusetts Financial Services Co. MA boosted its position in shares of Hawaiian Holdings by 57.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,955 shares of the transportation company’s stock worth $509,000 after buying an additional 4,016 shares during the last quarter. Telemus Capital LLC boosted its position in shares of Hawaiian Holdings by 0.7% in the first quarter. Telemus Capital LLC now owns 37,058 shares of the transportation company’s stock worth $1,721,000 after buying an additional 244 shares during the last quarter. Finally, Burney Co. boosted its position in shares of Hawaiian Holdings by 8.1% in the first quarter. Burney Co. now owns 195,302 shares of the transportation company’s stock worth $9,072,000 after buying an additional 14,562 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.
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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