Hawaiian Holdings, Inc. (HA) Receives Consensus Recommendation of “Hold” from Brokerages
Hawaiian Holdings, Inc. (NASDAQ:HA) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $51.27.
HA has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of Hawaiian Holdings from $40.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, August 17th. BidaskClub downgraded shares of Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stifel Nicolaus upgraded shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a report on Friday, July 28th. Imperial Capital reiterated an “outperform” rating and set a $74.00 price target on shares of Hawaiian Holdings in a report on Thursday, July 27th. Finally, Citigroup Inc. lowered their price target on shares of Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $41.78, for a total value of $41,780.00. Following the completion of the sale, the executive vice president now owns 198,411 shares in the company, valued at approximately $8,289,611.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark B. Dunkerley sold 19,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total transaction of $1,081,290.00. Following the completion of the sale, the insider now owns 352,942 shares of the company’s stock, valued at approximately $20,085,929.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,500 shares of company stock valued at $1,671,260. Company insiders own 2.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in shares of Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Hawaiian Holdings during the first quarter valued at about $279,000. DekaBank Deutsche Girozentrale raised its stake in shares of Hawaiian Holdings by 1,206.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 25,406 shares of the transportation company’s stock valued at $1,186,000 after buying an additional 23,462 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after buying an additional 56 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its stake in shares of Hawaiian Holdings by 17.1% in the first quarter. Chicago Equity Partners LLC now owns 43,965 shares of the transportation company’s stock valued at $2,042,000 after buying an additional 6,410 shares during the last quarter. Hedge funds and other institutional investors own 90.44% of the company’s stock.
Hawaiian Holdings (NASDAQ:HA) traded down 0.71% on Wednesday, reaching $41.90. The company had a trading volume of 55,153 shares. Hawaiian Holdings has a one year low of $39.45 and a one year high of $60.90. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 10.19 and a beta of 1.38. The company has a 50-day moving average of $43.73 and a 200 day moving average of $48.49.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The business had revenue of $675.33 million during the quarter, compared to the consensus estimate of $676.59 million. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Hawaiian Holdings will post $5.73 EPS for the current year.
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About Hawaiian Holdings
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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