Hawaiian Holdings, Inc. (NASDAQ:HA) had its price target dropped by equities research analysts at Morgan Stanley from $40.00 to $39.00 in a note issued to investors on Thursday. The brokerage currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s target price would suggest a potential downside of 9.09% from the stock’s previous close.

Several other research firms have also weighed in on HA. Deutsche Bank AG lowered Hawaiian Holdings from a “buy” rating to a “hold” rating and dropped their price target for the company from $63.00 to $59.00 in a research report on Thursday, June 8th. Imperial Capital lifted their price target on Hawaiian Holdings from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, June 8th. Citigroup Inc. lifted their price target on Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. BidaskClub upgraded Hawaiian Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Stifel Nicolaus lowered Hawaiian Holdings from a “hold” rating to a “sell” rating and dropped their price target for the company from $60.00 to $40.00 in a research report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.17.

Hawaiian Holdings (NASDAQ HA) traded down 4.55% during trading on Thursday, hitting $40.95. The company’s stock had a trading volume of 505,781 shares. The firm has a market cap of $2.19 billion, a P/E ratio of 9.96 and a beta of 1.38. The firm has a 50 day moving average of $44.49 and a 200 day moving average of $48.89. Hawaiian Holdings has a 12 month low of $39.45 and a 12 month high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The company had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. During the same period in the previous year, the company posted $1.21 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Equities research analysts predict that Hawaiian Holdings will post $5.76 earnings per share for the current year.

Hawaiian Holdings declared that its board has authorized a stock buyback program on Thursday, April 20th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the transportation company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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In other news, EVP Peter R. Ingram sold 2,500 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $48.10, for a total value of $120,250.00. Following the completion of the transaction, the executive vice president now owns 199,411 shares in the company, valued at $9,591,669.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $41.78, for a total value of $41,780.00. Following the completion of the transaction, the executive vice president now owns 198,411 shares of the company’s stock, valued at approximately $8,289,611.58. The disclosure for this sale can be found here. Insiders sold 30,500 shares of company stock valued at $1,671,260 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Breton Hill Capital Ltd. boosted its position in Hawaiian Holdings by 16.0% in the first quarter. Breton Hill Capital Ltd. now owns 20,686 shares of the transportation company’s stock valued at $961,000 after buying an additional 2,849 shares in the last quarter. Sawgrass Asset Management LLC boosted its position in Hawaiian Holdings by 13.1% in the first quarter. Sawgrass Asset Management LLC now owns 16,690 shares of the transportation company’s stock valued at $775,000 after buying an additional 1,930 shares in the last quarter. First Mercantile Trust Co. boosted its position in Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock valued at $137,000 after buying an additional 434 shares in the last quarter. Sigma Planning Corp boosted its position in Hawaiian Holdings by 25.5% in the first quarter. Sigma Planning Corp now owns 7,591 shares of the transportation company’s stock valued at $353,000 after buying an additional 1,541 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in Hawaiian Holdings by 36.3% in the first quarter. Nationwide Fund Advisors now owns 56,113 shares of the transportation company’s stock valued at $2,606,000 after buying an additional 14,949 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Hawaiian Holdings Company Profile

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.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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