Hawaiian Holdings, Inc. (NASDAQ:HA)’s share price hit a new 52-week low on Tuesday . The company traded as low as $38.00 and last traded at $38.13, with a volume of 1,207,364 shares. The stock had previously closed at $39.45.
A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Cowen and Company reissued a “hold” rating and issued a $47.00 price target on shares of Hawaiian Holdings in a report on Friday, September 1st. Morgan Stanley cut their price target on shares of Hawaiian Holdings from $40.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, August 17th. BidaskClub downgraded shares of Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Hawaiian Holdings presently has a consensus rating of “Hold” and an average target price of $52.17.
The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 9.15 and a beta of 1.41. The company’s 50 day moving average is $41.70 and its 200-day moving average is $47.38.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The firm had revenue of $675.33 million for the quarter, compared to analysts’ expectations of $676.59 million. During the same period in the previous year, the firm earned $1.21 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Hawaiian Holdings, Inc. will post $5.71 EPS for the current year.
In other news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $41.78, for a total transaction of $41,780.00. Following the transaction, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at approximately $8,289,611.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $48.10, for a total value of $120,250.00. Following the transaction, the executive vice president now directly owns 199,411 shares in the company, valued at $9,591,669.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,500 shares of company stock worth $202,030. Insiders own 2.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors lifted its holdings in Hawaiian Holdings by 36.3% in the 1st quarter. Nationwide Fund Advisors now owns 56,113 shares of the transportation company’s stock worth $2,606,000 after purchasing an additional 14,949 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Hawaiian Holdings by 6.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 71,431 shares of the transportation company’s stock worth $3,315,000 after purchasing an additional 4,454 shares in the last quarter. US Bancorp DE lifted its holdings in Hawaiian Holdings by 42.4% in the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock worth $158,000 after purchasing an additional 1,012 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in Hawaiian Holdings by 1.4% in the 1st quarter. Suntrust Banks Inc. now owns 9,405 shares of the transportation company’s stock worth $436,000 after purchasing an additional 127 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Hawaiian Holdings by 4.2% in the 1st quarter. Comerica Bank now owns 59,412 shares of the transportation company’s stock worth $3,232,000 after purchasing an additional 2,407 shares in the last quarter. 90.42% of the stock is currently owned by hedge funds and other institutional investors.
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Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.
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