Hawaiian Holdings, Inc. (NASDAQ:HA) had its target price decreased by Cowen and Company from $50.00 to $47.00 in a report published on Wednesday morning, MarketBeat Ratings reports. Cowen and Company currently has a market perform rating on the transportation company’s stock.

Several other analysts have also issued reports on the stock. Stifel Nicolaus lowered shares of Hawaiian Holdings from a hold rating to a sell rating and reduced their price target for the stock from $60.00 to $40.00 in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Hawaiian Holdings from a hold rating to a buy rating and set a $54.00 price target on the stock in a research report on Tuesday, March 28th. Morgan Stanley reiterated an underweight rating and set a $40.00 price target (down previously from $52.00) on shares of Hawaiian Holdings in a research report on Thursday, June 22nd. Citigroup Inc. increased their price target on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the stock a neutral rating in a research report on Friday, June 9th. Finally, Imperial Capital increased their price target on shares of Hawaiian Holdings from $68.00 to $71.00 and gave the stock an outperform rating in a research report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Hawaiian Holdings currently has a consensus rating of Hold and a consensus target price of $52.25.

Hawaiian Holdings (HA) opened at 41.95 on Wednesday. The firm’s 50-day moving average is $47.09 and its 200-day moving average is $50.09. The company has a market cap of $2.25 billion, a PE ratio of 10.20 and a beta of 1.41. Hawaiian Holdings has a 52 week low of $39.45 and a 52 week 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. On average, analysts expect that Hawaiian Holdings will post $5.68 EPS for the current fiscal year.

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Hawaiian Holdings announced that its board has approved a share repurchase program on Thursday, April 20th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the transportation company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

In other Hawaiian Holdings news, insider Mark B. Dunkerley sold 19,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total value of $1,081,290.00. Following the completion of the sale, the insider now directly owns 352,942 shares in the company, valued at $20,085,929.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shannon Lei Okinaka sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the completion of the sale, the chief financial officer now owns 33,838 shares of the company’s stock, valued at $720,072.64. The disclosure for this sale can be found here. Insiders sold 84,408 shares of company stock valued at $4,535,900 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Boston Advisors LLC boosted its position in shares of Hawaiian Holdings by 14.9% in the first quarter. Boston Advisors LLC now owns 91,341 shares of the transportation company’s stock worth $4,243,000 after buying an additional 11,870 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new position in shares of Hawaiian Holdings during the first quarter worth about $685,000. 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 in the last quarter. Affinity Wealth Management boosted its position in shares of Hawaiian Holdings by 2.4% in the first quarter. Affinity Wealth Management now owns 6,918 shares of the transportation company’s stock worth $321,000 after buying an additional 161 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Hawaiian Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the transportation company’s stock worth $1,013,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 90.20% 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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