Hawaiian Holdings, Inc. (HA) Price Target Lowered to $43.00 at Cowen and Company
Hawaiian Holdings, Inc. (NASDAQ:HA) had its price objective decreased by Cowen and Company from $47.00 to $43.00 in a research note released on Friday. Cowen and Company currently has a market perform rating on the transportation company’s stock.
A number of other research firms have also issued reports on HA. Bank of America Corporation restated an underperform rating and issued a $38.00 price target (down from $43.00) on shares of Hawaiian Holdings in a research report on Tuesday. Zacks Investment Research lowered Hawaiian Holdings from a hold rating to a sell rating in a research report on Tuesday. ValuEngine upgraded Hawaiian Holdings from a hold rating to a buy rating in a research report on Monday, October 2nd. Buckingham Research lowered Hawaiian Holdings from a buy rating to a neutral rating and set a $39.00 price target for the company. in a research report on Tuesday, September 26th. Finally, Macquarie assumed coverage on Hawaiian Holdings in a research report on Monday, September 25th. They issued an outperform rating and a $49.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $47.58.
Hawaiian Holdings (HA) traded down 2.69% during trading on Friday, reaching $37.95. The company’s stock had a trading volume of 2,348,190 shares. The stock has a 50-day moving average of $39.87 and a 200 day moving average of $46.14. The firm has a market capitalization of $2.03 billion, a P/E ratio of 9.23 and a beta of 1.41. Hawaiian Holdings has a one year low of $36.20 and a one year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The business had revenue of $675.33 million during the quarter, compared to analysts’ expectations of $676.59 million. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Hawaiian Holdings will post $5.57 EPS for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 16th.
In related news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the executive vice president now directly owns 197,411 shares in the company, valued at $7,896,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,000 shares of company stock valued at $122,430 over the last quarter. 2.30% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new position in shares of Hawaiian Holdings during the second quarter worth $12,159,000. U S Global Investors Inc. boosted its position in shares of Hawaiian Holdings by 46.4% during the second quarter. U S Global Investors Inc. now owns 102,789 shares of the transportation company’s stock worth $4,250,000 after buying an additional 32,598 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Hawaiian Holdings by 36.9% during the second quarter. Public Employees Retirement System of Ohio now owns 62,788 shares of the transportation company’s stock worth $2,948,000 after buying an additional 16,924 shares during the period. Verition Fund Management LLC boosted its position in shares of Hawaiian Holdings by 65.4% during the second quarter. Verition Fund Management LLC now owns 14,799 shares of the transportation company’s stock worth $695,000 after buying an additional 5,849 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Hawaiian Holdings during the second quarter worth $544,000. Institutional investors own 90.42% 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.
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