Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $49.70.

Several research firms recently weighed in on HA. Citigroup cut their price objective on Hawaiian from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, May 29th. ValuEngine downgraded Hawaiian from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Stifel Nicolaus raised their price objective on Hawaiian from $45.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, April 25th. Bank of America cut their price objective on Hawaiian from $45.00 to $43.00 and set an “underperform” rating on the stock in a report on Friday, May 4th. Finally, BidaskClub downgraded Hawaiian from a “hold” rating to a “sell” rating in a report on Friday, July 13th.

A number of large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new position in Hawaiian during the 2nd quarter worth $3,633,000. Granahan Investment Management Inc. MA raised its position in Hawaiian by 5.5% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 247,453 shares of the transportation company’s stock worth $8,896,000 after purchasing an additional 12,877 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Hawaiian during the 2nd quarter worth $330,000. Macquarie Group Ltd. raised its position in Hawaiian by 7.9% during the 2nd quarter. Macquarie Group Ltd. now owns 538,795 shares of the transportation company’s stock worth $19,370,000 after purchasing an additional 39,369 shares during the last quarter. Finally, Needham Investment Management LLC raised its position in Hawaiian by 22.1% during the 2nd quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock worth $1,984,000 after purchasing an additional 10,000 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Shares of HA stock traded up $0.95 during trading hours on Wednesday, reaching $43.70. The company’s stock had a trading volume of 7,903 shares, compared to its average volume of 884,238. The company has a market cap of $2.13 billion, a PE ratio of 7.62 and a beta of 1.37. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $44.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.75 and a current ratio of 0.75.

Hawaiian (NASDAQ:HA) last issued its earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.18. The firm had revenue of $715.45 million for the quarter, compared to the consensus estimate of $716.52 million. Hawaiian had a return on equity of 32.45% and a net margin of 12.73%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 EPS. equities analysts predict that Hawaiian will post 5.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, August 16th. Hawaiian’s dividend payout ratio (DPR) is 8.51%.

Hawaiian Company Profile

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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