Hawaiian Holdings, Inc. (NASDAQ:HA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Imperial Capital in a report issued on Friday.
A number of other research firms have also recently commented on HA. Bank of America Corp cut Hawaiian Holdings from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 10th. Zacks Investment Research raised Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Thursday, December 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Hawaiian Holdings in a report on Wednesday, February 22nd. Deutsche Bank AG lifted their target price on Hawaiian Holdings from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Finally, Citigroup Inc assumed coverage on Hawaiian Holdings in a report on Friday, November 18th. They issued a “neutral” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.27.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 49.00 on Friday. The stock has a market capitalization of $2.62 billion, a PE ratio of 11.24 and a beta of 1.12. Hawaiian Holdings has a one year low of $34.69 and a one year high of $60.90. The company’s 50-day moving average price is $49.96 and its 200 day moving average price is $50.75.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $1.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.28. The business had revenue of $632.97 million for the quarter, compared to analysts’ expectations of $625.47 million. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Analysts anticipate that Hawaiian Holdings will post $4.77 EPS for the current year.
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In other Hawaiian Holdings news, Director Randall Jenson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $60.24, for a total transaction of $602,400.00. Following the sale, the director now directly owns 45,466 shares of the company’s stock, valued at $2,738,871.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Barbara Falvey sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $60.80, for a total value of $304,000.00. Following the sale, the senior vice president now directly owns 14,034 shares in the company, valued at $853,267.20. The disclosure for this sale can be found here. Insiders sold 78,500 shares of company stock worth $4,319,570 over the last ninety days. Insiders own 3.40% of the company’s stock.
A number of large investors have recently modified their holdings of HA. BlackRock Fund Advisors boosted its stake in shares of Hawaiian Holdings by 15.6% in the third quarter. BlackRock Fund Advisors now owns 3,621,734 shares of the company’s stock valued at $176,016,000 after buying an additional 489,803 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Hawaiian Holdings by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,494,100 shares of the company’s stock valued at $142,164,000 after buying an additional 183,700 shares during the last quarter. State Street Corp boosted its stake in shares of Hawaiian Holdings by 9.8% in the fourth quarter. State Street Corp now owns 1,300,823 shares of the company’s stock valued at $74,149,000 after buying an additional 115,637 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Hawaiian Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,377 shares of the company’s stock valued at $61,838,000 after buying an additional 46,278 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Hawaiian Holdings by 12.3% in the third quarter. Panagora Asset Management Inc. now owns 1,087,954 shares of the company’s stock valued at $52,875,000 after buying an additional 118,792 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors.
About Hawaiian Holdings
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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