Hawaiian Holdings, Inc. (NASDAQ:HA)‘s stock had its “outperform” rating reissued by investment analysts at Imperial Capital in a research report issued to clients and investors on Friday.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Hawaiian Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 26th. Cowen and Company upped their target price on Hawaiian Holdings from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 6th. Deutsche Bank AG upped their target price on Hawaiian Holdings from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, December 6th. Bank of America Corp lowered Hawaiian Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 10th. Finally, Morgan Stanley restated an “overweight” rating on shares of Hawaiian Holdings in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Hawaiian Holdings currently has an average rating of “Hold” and a consensus target price of $52.27.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 49.00 on Friday. The stock’s 50 day moving average price is $49.96 and its 200-day moving average price is $50.75. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 11.24 and a beta of 1.12. Hawaiian Holdings has a 52 week low of $34.69 and a 52 week high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.28. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The company had revenue of $632.97 million for the quarter, compared to analyst estimates of $625.47 million. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Hawaiian Holdings will post $4.77 earnings per share for the current year.
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In other news, Director Randall Jenson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $60.24, for a total value of $602,400.00. Following the completion of the transaction, the director now directly owns 45,466 shares in the company, valued at approximately $2,738,871.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Barbara Falvey sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $60.80, for a total value of $304,000.00. Following the completion of the transaction, the senior vice president now owns 14,034 shares of the company’s stock, valued at $853,267.20. The disclosure for this sale can be found here. Insiders sold a total of 78,500 shares of company stock valued at $4,319,570 over the last quarter. Company insiders own 3.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC boosted its position in Hawaiian Holdings by 4.0% in the fourth quarter. Vident Investment Advisory LLC now owns 54,640 shares of the company’s stock worth $3,114,000 after buying an additional 2,104 shares during the last quarter. Norges Bank purchased a new position in Hawaiian Holdings during the fourth quarter worth about $40,925,000. Miles Capital Inc. purchased a new position in Hawaiian Holdings during the fourth quarter worth about $228,000. Thrivent Financial for Lutherans boosted its position in Hawaiian Holdings by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,580 shares of the company’s stock worth $1,629,000 after buying an additional 1,380 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Hawaiian Holdings by 113.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,284 shares of the company’s stock worth $700,000 after buying an additional 6,529 shares during the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
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