BidaskClub upgraded shares of Hawaiian (NASDAQ:HA) from a sell rating to a hold rating in a report released on Friday.
A number of other analysts have also commented on HA. ValuEngine raised shares of Hawaiian from a hold rating to a buy rating in a research report on Friday, December 1st. Argus reissued a hold rating and issued a $61.00 price objective on shares of Hawaiian in a research report on Thursday, January 11th. Stifel Nicolaus boosted their price objective on shares of Hawaiian from $40.00 to $45.00 and gave the stock a hold rating in a research report on Tuesday, January 30th. Imperial Capital boosted their price objective on shares of Hawaiian from $75.00 to $80.00 and gave the stock an outperform rating in a research report on Tuesday, January 30th. Finally, Sidoti raised shares of Hawaiian from a neutral rating to a buy rating and set a $49.00 price objective on the stock in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $48.42.
Shares of HA stock opened at $38.70 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $1,985.69, a PE ratio of 6.86, a price-to-earnings-growth ratio of 3.24 and a beta of 1.54. Hawaiian has a 12 month low of $32.40 and a 12 month high of $59.45.
Hawaiian announced that its board has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other news, Director Donald J. Carty purchased 5,000 shares of the company’s stock in a transaction on Friday, March 16th. The shares were purchased at an average cost of $37.79 per share, with a total value of $188,950.00. Following the completion of the transaction, the director now owns 18,675 shares of the company’s stock, valued at approximately $705,728.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Elkfork Partners LLC acquired a new position in shares of Hawaiian in the fourth quarter valued at $199,000. First Mercantile Trust Co. grew its stake in shares of Hawaiian by 90.1% in the fourth quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock valued at $216,000 after acquiring an additional 2,572 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of Hawaiian by 28.2% in the fourth quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock valued at $253,000 after acquiring an additional 1,400 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Hawaiian in the fourth quarter valued at about $259,000. Finally, Eqis Capital Management Inc. grew its stake in shares of Hawaiian by 27.2% in the fourth quarter. Eqis Capital Management Inc. now owns 7,751 shares of the transportation company’s stock valued at $309,000 after acquiring an additional 1,657 shares in the last quarter. Hedge funds and other institutional investors own 90.08% 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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