Hawaiian Holdings (NASDAQ:HA) Getting Somewhat Positive Press Coverage, Analysis Shows
News headlines about Hawaiian Holdings (NASDAQ:HA) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hawaiian Holdings earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 45.2761541342741 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Wells Fargo & Company MN Increases Position in Barnes & Noble Education, Inc (BNED) (techkenyot.com)
- Hawaiian Holdings, Inc. (HA) Short Interest Up 22.1% in July (americanbankingnews.com)
- Peter R. Ingram Sells 1,000 Shares of Hawaiian Holdings, Inc. (HA) Stock (americanbankingnews.com)
- Matinas BioPharma Holdings Inc (MTNB) Sees Significant Increase in Short Interest (famososartistas.com)
- Does Hawaiian Holdings (HA) Make a Suitable Value Pick Now? (finance.yahoo.com)
A number of equities analysts have recently commented on HA shares. Imperial Capital boosted their price objective on Hawaiian Holdings from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, June 8th. Deutsche Bank AG downgraded Hawaiian Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $63.00 to $59.00 in a research report on Thursday, June 8th. BidaskClub raised Hawaiian Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Citigroup Inc. boosted their price objective on Hawaiian Holdings from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Finally, Stifel Nicolaus downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $60.00 to $40.00 in a research report on Wednesday, June 14th. Three research 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 currently has a consensus rating of “Hold” and a consensus price target of $52.25.
Shares of Hawaiian Holdings (NASDAQ:HA) remained flat at $41.85 during trading on Friday. 906,489 shares of the company were exchanged. The company has a market cap of $2.24 billion, a P/E ratio of 10.18 and a beta of 1.38. The company has a 50-day moving average price of $44.83 and a 200-day moving average price of $49.13. Hawaiian Holdings has a 12-month low of $39.45 and a 12-month high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 earnings per share 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 firm had revenue of $675.33 million during the quarter, compared to analyst estimates of $676.59 million. During the same quarter last year, the firm earned $1.21 EPS. Hawaiian Holdings’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities research analysts anticipate that Hawaiian Holdings will post $5.76 EPS for the current fiscal year.
Hawaiian Holdings declared that its Board of Directors has approved a stock repurchase program on Thursday, April 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other news, insider Mark B. Dunkerley sold 18,000 shares of Hawaiian Holdings stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $53.71, for a total value of $966,780.00. Following the completion of the transaction, the insider now owns 357,942 shares in the company, valued at approximately $19,225,064.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Shannon Lei Okinaka sold 2,500 shares of Hawaiian Holdings stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $21.28, for a total value of $53,200.00. Following the completion of the transaction, the chief financial officer now owns 33,838 shares of the company’s stock, valued at approximately $720,072.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,000 shares of company stock valued at $2,691,240. Insiders own 2.30% 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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