Hawaiian (HA) Sets New 1-Year Low at $24.57

Hawaiian Holdings, Inc. (NASDAQ:HA)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $24.57 and last traded at $24.60, with a volume of 15469 shares. The stock had previously closed at $25.54.

HA has been the topic of a number of recent analyst reports. Buckingham Research cut their price objective on shares of Hawaiian from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Cowen reissued a “market perform” rating and issued a $30.00 target price on shares of Hawaiian in a research report on Wednesday, January 30th. Morgan Stanley dropped their target price on shares of Hawaiian from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, December 10th. Stifel Nicolaus raised shares of Hawaiian from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Finally, Citigroup boosted their target price on shares of Hawaiian from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.20.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 4.50 and a beta of 1.83.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. Hawaiian had a net margin of 8.22% and a return on equity of 29.82%. The business had revenue of $697.50 million during the quarter, compared to the consensus estimate of $700.19 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Hawaiian Holdings, Inc. will post 3.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, February 7th. Hawaiian’s dividend payout ratio is presently 8.82%.

Large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. grew its position in Hawaiian by 316.7% in the 4th quarter. Westside Investment Management Inc. now owns 2,500 shares of the transportation company’s stock worth $66,000 after purchasing an additional 1,900 shares during the last quarter. Bell Rock Capital LLC bought a new position in Hawaiian in the 3rd quarter worth about $122,000. Quantamental Technologies LLC bought a new position in Hawaiian in the 4th quarter worth about $143,000. Verition Fund Management LLC bought a new position in Hawaiian in the 3rd quarter worth about $233,000. Finally, Janus Henderson Group PLC bought a new position in Hawaiian in the 3rd quarter worth about $333,000. 88.59% of the stock is owned by institutional investors and hedge funds.

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About Hawaiian (NASDAQ:HA)

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, 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 Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

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