Hawaiian Holdings, Inc. (HA) Upgraded to Hold at Stifel Nicolaus
Stifel Nicolaus upgraded shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a sell rating to a hold rating in a research report released on Friday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has $40.00 price objective on the transportation company’s stock.
Several other analysts also recently issued reports on HA. Cowen and Company lowered their price objective on shares of Hawaiian Holdings from $54.00 to $52.00 and set a market perform rating for the company in a research report on Monday, April 10th. Buckingham Research raised shares of Hawaiian Holdings from a neutral rating to a buy rating and increased their price objective for the company from $55.00 to $63.00 in a research report on Friday, April 21st. They noted that the move was a valuation call. Imperial Capital increased their price objective on shares of Hawaiian Holdings from $68.00 to $71.00 and gave the company an outperform rating in a research report on Friday, April 21st. Citigroup Inc. reaffirmed a neutral rating and issued a $57.00 price objective (up previously from $56.00) on shares of Hawaiian Holdings in a research report on Saturday, April 22nd. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $63.00 price objective (up previously from $60.00) on shares of Hawaiian Holdings in a research report on Sunday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $52.25.
Hawaiian Holdings (HA) opened at 41.40 on Friday. The stock has a 50 day moving average of $46.66 and a 200 day moving average of $49.89. Hawaiian Holdings has a 1-year low of $39.45 and a 1-year high of $60.90. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 10.07 and a beta of 1.42.
Hawaiian Holdings (NASDAQ:HA) last posted its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $675.33 million during the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. Equities analysts expect that Hawaiian Holdings will post $5.68 earnings per share for the current year.
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Hawaiian Holdings declared that its board has approved a stock buyback plan on Thursday, April 20th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the transportation company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, EVP Peter R. Ingram sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $53.80, for a total transaction of $269,000.00. Following the completion of the transaction, the executive vice president now directly owns 206,911 shares in the company, valued at approximately $11,131,811.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark B. Dunkerley sold 19,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 352,942 shares of the company’s stock, valued at $20,085,929.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,000 shares of company stock valued at $2,918,460. Company insiders own 2.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in 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 valued at $4,243,000 after buying an additional 11,870 shares during the period. Palisade Capital Management LLC NJ purchased a new position in shares of Hawaiian Holdings during the first quarter valued at 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 valued at $1,721,000 after buying an additional 244 shares during the period. 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 valued at $321,000 after buying an additional 161 shares during the period. 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 valued at $1,013,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 90.49% 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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