Insider Buying: Hawaiian Holdings, Inc. (HA) Director Purchases $188,950.00 in Stock
Hawaiian Holdings, Inc. (NASDAQ:HA) Director Donald J. Carty bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average cost of $37.79 per share, for a total transaction of $188,950.00. Following the purchase, the director now owns 18,675 shares in the company, valued at approximately $705,728.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hawaiian Holdings, Inc. (NASDAQ:HA) opened at $35.40 on Friday. Hawaiian Holdings, Inc. has a 1-year low of $32.40 and a 1-year high of $59.45. The company has a market capitalization of $1,836.89, a PE ratio of 5.17, a PEG ratio of 3.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.79 and a quick ratio of 0.79.
Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hawaiian had a return on equity of 36.52% and a net margin of 13.51%. The business had revenue of $686.50 million for the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. sell-side analysts forecast that Hawaiian Holdings, Inc. will post 5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.12 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. Hawaiian’s payout ratio is currently 7.01%.
A number of research firms have issued reports on HA. Sidoti raised Hawaiian from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Thursday, March 8th. ValuEngine lowered Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub lowered Hawaiian from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Stifel Nicolaus increased their price target on Hawaiian from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 30th. Finally, Buckingham Research reaffirmed a “buy” rating on shares of Hawaiian in a research report on Thursday, November 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.42.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in Hawaiian by 1,244.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,233,908 shares of the transportation company’s stock worth $49,171,000 after buying an additional 1,142,148 shares during the last quarter. Royce & Associates LP grew its stake in Hawaiian by 191,969.7% during the 4th quarter. Royce & Associates LP now owns 678,006 shares of the transportation company’s stock worth $27,019,000 after buying an additional 677,653 shares during the last quarter. Wells Fargo & Company MN grew its stake in Hawaiian by 219.2% during the 3rd quarter. Wells Fargo & Company MN now owns 561,166 shares of the transportation company’s stock worth $21,072,000 after buying an additional 385,337 shares during the last quarter. Millennium Management LLC grew its stake in Hawaiian by 30.0% during the 4th quarter. Millennium Management LLC now owns 1,096,662 shares of the transportation company’s stock worth $43,702,000 after buying an additional 253,340 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in Hawaiian by 34.8% during the 4th quarter. Two Sigma Advisers LP now owns 713,787 shares of the transportation company’s stock worth $28,444,000 after buying an additional 184,138 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.
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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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