Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $43.75.
A number of research firms have commented on HA. BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley cut their price target on shares of Hawaiian from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, November 14th. TheStreet cut shares of Hawaiian from a “b-” rating to a “c+” rating in a research note on Tuesday, November 6th. Macquarie set a $43.00 price target on shares of Hawaiian and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, Goldman Sachs Group began coverage on shares of Hawaiian in a research note on Monday, November 12th. They issued a “sell” rating and a $28.00 price target for the company.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in Hawaiian by 3.0% during the 3rd quarter. BlackRock Inc. now owns 7,301,516 shares of the transportation company’s stock valued at $292,791,000 after buying an additional 214,833 shares during the period. Dimensional Fund Advisors LP boosted its position in Hawaiian by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,801,477 shares of the transportation company’s stock valued at $112,338,000 after buying an additional 129,262 shares during the period. Alliancebernstein L.P. boosted its position in Hawaiian by 10.9% during the 3rd quarter. Alliancebernstein L.P. now owns 2,650,455 shares of the transportation company’s stock valued at $106,283,000 after buying an additional 261,227 shares during the period. LSV Asset Management boosted its position in Hawaiian by 2.5% during the 3rd quarter. LSV Asset Management now owns 1,363,945 shares of the transportation company’s stock valued at $54,694,000 after buying an additional 33,400 shares during the period. Finally, Royce & Associates LP boosted its position in Hawaiian by 29.8% during the 2nd quarter. Royce & Associates LP now owns 1,016,131 shares of the transportation company’s stock valued at $36,530,000 after buying an additional 233,404 shares during the period. 86.61% of the stock is owned by institutional investors.
Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.17. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The business had revenue of $759.10 million for the quarter, compared to analyst estimates of $762.00 million. During the same quarter in the prior year, the firm posted $1.92 EPS. Hawaiian’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that Hawaiian will post 5.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.29%. Hawaiian’s dividend payout ratio (DPR) is 8.51%.
Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.
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