Hawaiian Holdings, Inc. (NASDAQ:HA) had its target price increased by Buckingham Research from $39.00 to $44.00 in a research report report published on Friday morning. The firm currently has a neutral rating on the transportation company’s stock.
Other equities research analysts have also issued research reports about the company. ValuEngine lowered Hawaiian Holdings from a strong-buy rating to a buy rating in a report on Thursday, June 29th. Stifel Nicolaus raised Hawaiian Holdings from a sell rating to a hold rating and set a $40.00 price objective on the stock in a report on Friday, July 28th. Deutsche Bank AG reaffirmed a hold rating and issued a $52.00 price objective (down previously from $64.00) on shares of Hawaiian Holdings in a report on Wednesday, July 26th. Cowen and Company reaffirmed a hold rating and issued a $47.00 price objective on shares of Hawaiian Holdings in a report on Friday, September 1st. Finally, Citigroup Inc. lowered their price objective on Hawaiian Holdings from $62.00 to $50.00 and set a neutral rating on the stock in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $47.58.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 38.50 on Friday. The stock has a 50 day moving average price of $39.37 and a 200-day moving average price of $45.83. Hawaiian Holdings has a 52 week low of $36.20 and a 52 week high of $60.90. The stock has a market cap of $2.06 billion, a P/E ratio of 9.37 and a beta of 1.42.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. Hawaiian Holdings had a return on equity of 43.15% and a net margin of 7.67%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 EPS. Equities analysts predict that Hawaiian Holdings will post $5.57 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 16th.
In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the executive vice president now owns 197,411 shares of the company’s stock, valued at approximately $7,896,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $122,430 in the last three months. Corporate insiders own 2.30% of the company’s stock.
Several institutional investors have recently modified their holdings of HA. UBS Asset Management Americas Inc. raised its position in shares of Hawaiian Holdings by 8.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 12,964 shares of the transportation company’s stock worth $602,000 after purchasing an additional 955 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Hawaiian Holdings by 8.4% during the 1st quarter. Alliancebernstein L.P. now owns 162,950 shares of the transportation company’s stock worth $7,569,000 after purchasing an additional 12,631 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Hawaiian Holdings by 2.4% during the 1st quarter. Wellington Management Group LLP now owns 225,558 shares of the transportation company’s stock worth $10,478,000 after purchasing an additional 5,284 shares during the last quarter. FMR LLC raised its position in shares of Hawaiian Holdings by 6.6% during the 1st quarter. FMR LLC now owns 239,400 shares of the transportation company’s stock worth $11,120,000 after purchasing an additional 14,900 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Hawaiian Holdings by 1.6% during the 1st quarter. California Public Employees Retirement System now owns 117,200 shares of the transportation company’s stock worth $5,444,000 after purchasing an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 89.61% of the company’s stock.
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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