Hawaiian Holdings, Inc. (HA) EVP Peter R. Ingram Sells 2,500 Shares
Hawaiian Holdings, Inc. (NASDAQ:HA) EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $50.00, for a total value of $125,000.00. Following the sale, the executive vice president now directly owns 211,911 shares in the company, valued at $10,595,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) traded up 2.77% during midday trading on Thursday, reaching $51.90. The company’s stock had a trading volume of 1,212,269 shares. The company’s 50-day moving average price is $48.15 and its 200 day moving average price is $50.81. Hawaiian Holdings, Inc. has a 12-month low of $34.69 and a 12-month high of $60.90. The company has a market capitalization of $2.77 billion, a P/E ratio of 11.90 and a beta of 1.12.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, January 24th. The transportation company reported $1.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.28. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The company earned $632.97 million during the quarter, compared to analyst estimates of $625.47 million. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Hawaiian Holdings, Inc. will post $4.79 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors raised its position in Hawaiian Holdings by 15.6% in the third quarter. BlackRock Fund Advisors now owns 3,621,734 shares of the transportation company’s stock worth $176,016,000 after buying an additional 489,803 shares during the period. Renaissance Technologies LLC raised its position in Hawaiian Holdings by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,494,100 shares of the transportation company’s stock worth $142,164,000 after buying an additional 183,700 shares during the period. State Street Corp raised its position in Hawaiian Holdings by 9.8% in the fourth quarter. State Street Corp now owns 1,300,823 shares of the transportation company’s stock worth $74,149,000 after buying an additional 115,637 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Hawaiian Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,377 shares of the transportation company’s stock worth $61,838,000 after buying an additional 46,278 shares during the period. Finally, Panagora Asset Management Inc. raised its position in Hawaiian Holdings by 12.3% in the third quarter. Panagora Asset Management Inc. now owns 1,087,954 shares of the transportation company’s stock worth $52,875,000 after buying an additional 118,792 shares during the period. 88.80% of the stock is owned by institutional investors.
A number of equities analysts recently commented on HA shares. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Hawaiian Holdings in a research note on Wednesday, January 11th. Sidoti lifted their price objective on Hawaiian Holdings from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, January 20th. They noted that the move was a valuation call. Zacks Investment Research lowered Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Cowen and Company cut their price objective on Hawaiian Holdings from $54.00 to $52.00 and set a “market perform” rating on the stock in a research note on Monday, April 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Hawaiian Holdings in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Hawaiian Holdings has an average rating of “Hold” and a consensus price target of $51.36.
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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