Hawaiian Holdings, Inc. (NASDAQ:HA) insider Mark B. Dunkerley sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $49.19, for a total transaction of $393,520.00. Following the sale, the insider now directly owns 401,761 shares of the company’s stock, valued at approximately $19,762,623.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) opened at 49.00 on Tuesday. The firm has a market cap of $2.62 billion, a P/E ratio of 11.24 and a beta of 1.12. Hawaiian Holdings, Inc. has a 12 month low of $34.69 and a 12 month high of $60.90. The firm has a 50-day moving average of $49.96 and a 200 day moving average of $50.75.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Tuesday, January 24th. The company reported $1.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.28. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The business earned $632.97 million during the quarter, compared to analyst estimates of $625.47 million. During the same quarter last year, the company posted $0.85 EPS. Hawaiian Holdings’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Hawaiian Holdings, Inc. will post $4.77 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Hawaiian Holdings by 492.3% in the second quarter. Royal Bank of Canada now owns 21,738 shares of the company’s stock worth $824,000 after buying an additional 18,068 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Hawaiian Holdings during the third quarter worth approximately $324,000. Advisory Services Network LLC acquired a new stake in shares of Hawaiian Holdings during the third quarter worth approximately $227,000. Creative Planning raised its stake in shares of Hawaiian Holdings by 11.8% in the third quarter. Creative Planning now owns 11,630 shares of the company’s stock worth $565,000 after buying an additional 1,230 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Hawaiian Holdings during the third quarter worth approximately $335,000. Hedge funds and other institutional investors own 88.80% of the company’s stock.
HA has been the subject of a number of research analyst reports. Imperial Capital increased their target price on shares of Hawaiian Holdings from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, December 12th. Sidoti increased their target price on shares of Hawaiian Holdings from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, January 20th. They noted that the move was a valuation call. Argus increased their target price on shares of Hawaiian Holdings from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, December 1st. Zacks Investment Research raised shares of Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research report on Thursday, December 8th. Finally, Wolfe Research raised shares of Hawaiian Holdings from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $52.27.
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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