Insider Selling: Hawaiian Holdings, Inc. (NASDAQ:HA) Director Sells 1,203 Shares of Stock

Hawaiian Holdings, Inc. (NASDAQ:HA) Director William S. Swelbar sold 1,203 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $25.30, for a total transaction of $30,435.90. Following the transaction, the director now directly owns 19,563 shares in the company, valued at approximately $494,943.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:HA traded up $0.10 during mid-day trading on Thursday, reaching $24.20. The stock had a trading volume of 427,820 shares, compared to its average volume of 767,552. The firm has a 50 day simple moving average of $26.64 and a two-hundred day simple moving average of $27.39. Hawaiian Holdings, Inc. has a twelve month low of $22.84 and a twelve month high of $42.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.14 billion, a PE ratio of 4.45 and a beta of 1.80.

Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.19. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The business had revenue of $712.19 million during the quarter, compared to analysts’ expectations of $704.74 million. During the same period in the prior year, the business earned $1.44 EPS. Hawaiian’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Hawaiian Holdings, Inc. will post 3.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. Hawaiian’s payout ratio is 8.82%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brinker Capital Inc. acquired a new stake in Hawaiian during the 1st quarter valued at $227,000. Piedmont Investment Advisors Inc. lifted its holdings in shares of Hawaiian by 4.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 12,226 shares of the transportation company’s stock worth $321,000 after buying an additional 475 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Hawaiian by 112.6% during the first quarter. Advisor Group Inc. now owns 40,620 shares of the transportation company’s stock worth $1,067,000 after buying an additional 21,518 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Hawaiian by 16.0% during the first quarter. Oppenheimer & Co. Inc. now owns 184,170 shares of the transportation company’s stock worth $4,835,000 after buying an additional 25,400 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Hawaiian by 28.2% during the first quarter. Royce & Associates LP now owns 1,412,678 shares of the transportation company’s stock worth $37,083,000 after buying an additional 310,616 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on HA shares. Cowen reissued a “market perform” rating and issued a $29.00 price target (down previously from $31.00) on shares of Hawaiian in a report on Wednesday, July 31st. ValuEngine lowered shares of Hawaiian from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 6th. Deutsche Bank set a $24.00 price target on shares of Hawaiian and gave the company a “sell” rating in a report on Wednesday, July 31st. Stifel Nicolaus lowered shares of Hawaiian from a “buy” rating to a “sell” rating and lowered their price target for the company from $30.00 to $20.00 in a report on Tuesday. Finally, Macquarie lowered shares of Hawaiian from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $29.00 in a report on Monday, July 29th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.78.

About Hawaiian

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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