Hawaiian Holdings, Inc. (NASDAQ:HA) was upgraded by Wolfe Research from a “market perform” rating to an “outperform” rating in a research note issued on Thursday.
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG upped their target price on Hawaiian Holdings from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Argus upped their target price on Hawaiian Holdings from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, December 1st. Credit Suisse Group reaffirmed a “neutral” rating and issued a $41.00 target price on shares of Hawaiian Holdings in a research report on Friday, October 21st. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Hawaiian Holdings in a research report on Wednesday, January 11th. Finally, Cowen and Company upped their target price on Hawaiian Holdings from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $52.75.
Hawaiian Holdings (NASDAQ:HA) opened at 51.35 on Thursday. The company has a market cap of $2.74 billion, a P/E ratio of 11.36 and a beta of 1.12. The company’s 50 day moving average price is $54.50 and its 200 day moving average price is $49.95. Hawaiian Holdings has a 52-week low of $34.69 and a 52-week high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, January 24th. The company reported $1.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.28. The firm had revenue of $632.97 million for the quarter, compared to the consensus estimate of $625.47 million. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities research analysts anticipate that Hawaiian Holdings will post $4.84 EPS for the current fiscal year.
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In related news, insider Mark B. Dunkerley sold 8,000 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $50.25, for a total value of $402,000.00. Following the completion of the sale, the insider now directly owns 539,644 shares in the company, valued at $27,117,111. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark B. Dunkerley sold 30,000 shares of the stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $56.05, for a total value of $1,681,500.00. Following the completion of the sale, the insider now owns 481,828 shares of the company’s stock, valued at $27,006,459.40. The disclosure for this sale can be found here. Insiders sold a total of 86,000 shares of company stock valued at $4,829,050 over the last quarter. 3.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of HA. Vanguard Group Inc. increased its stake in Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock worth $226,188,000 after buying an additional 706,642 shares during the last quarter. BlackRock Fund Advisors increased its stake in Hawaiian Holdings by 15.6% in the third quarter. BlackRock Fund Advisors now owns 3,621,734 shares of the company’s stock worth $176,016,000 after buying an additional 489,803 shares during the last quarter. State Street Corp increased its stake in Hawaiian Holdings by 9.8% in the fourth quarter. State Street Corp now owns 1,300,823 shares of the company’s stock worth $74,149,000 after buying an additional 115,637 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hawaiian Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,377 shares of the company’s stock worth $61,838,000 after buying an additional 46,278 shares during the last quarter. Finally, Numeric Investors LLC increased its stake in Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock worth $44,154,000 after buying an additional 541,015 shares during the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.
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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