Wolfe Research lowered shares of Hawaiian (NASDAQ:HA) from an outperform rating to a market perform rating in a report issued on Friday morning, The Fly reports.

A number of other research firms also recently weighed in on HA. Citigroup raised their price target on Hawaiian from $41.00 to $43.00 and gave the company a neutral rating in a research report on Thursday, November 29th. Macquarie set a $43.00 price target on Hawaiian and gave the company a buy rating in a research report on Monday, October 8th. Morgan Stanley set a $37.00 price target on Hawaiian and gave the company a sell rating in a research report on Friday, October 5th. BidaskClub downgraded Hawaiian from a hold rating to a sell rating in a research report on Tuesday, October 9th. Finally, Cowen restated a market perform rating and set a $37.00 price target (down previously from $38.00) on shares of Hawaiian in a research report on Thursday, December 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Hawaiian currently has a consensus rating of Hold and an average price target of $42.33.

NASDAQ:HA opened at $30.58 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 5.42 and a beta of 1.40. Hawaiian has a 52-week low of $29.00 and a 52-week high of $44.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.82.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.17. The company had revenue of $759.10 million during the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.92 earnings per share. Equities research analysts anticipate that Hawaiian will post 5.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. Hawaiian’s dividend payout ratio is currently 8.51%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bell Rock Capital LLC purchased a new position in shares of Hawaiian in the third quarter worth about $122,000. First Hawaiian Bank purchased a new position in shares of Hawaiian in the third quarter worth about $146,000. Cadinha & Co. LLC purchased a new position in shares of Hawaiian in the third quarter worth about $200,000. Verition Fund Management LLC purchased a new position in shares of Hawaiian in the third quarter worth about $233,000. Finally, Stevens Capital Management LP purchased a new position in shares of Hawaiian in the second quarter worth about $244,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

About Hawaiian

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.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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