Hawaiian Holdings Stock Rating Lowered by Wolfe Research (HA)
Hawaiian Holdings (NYSE:HA) was downgraded by analysts at Wolfe Research to an “underperform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
In other Hawaiian Holdings news, major shareholder Hirzel Capital Management Llc bought 340,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of $7.41 per share, for a total transaction of $2,519,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Hawaiian Holdings (NYSE:HA) traded down 6.60% during mid-day trading on Wednesday, hitting $7.64. 835,582 shares of the company’s stock traded hands. Hawaiian Holdings has a 1-year low of $5.16 and a 1-year high of $7.88. The stock’s 50-day moving average is $7.32 and its 200-day moving average is $6.27. The company has a market cap of $398.3 million and a price-to-earnings ratio of 11.75.
Hawaiian Holdings (NYSE:HA) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.69 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.69. The company had revenue of $599.29 million for the quarter, compared to the consensus estimate of $600.58 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that Hawaiian Holdings will post $0.85 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on HA. Analysts at Zacks downgraded shares of Hawaiian Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $8.20 price target on the stock. Separately, analysts at Cowen and Company reiterated a “hold” rating on shares of Hawaiian Holdings in a research note to investors on Tuesday, September 17th. They now have a $7.25 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Hawaiian Holdings from $8.00 to $9.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.24.
Hawaiian Holdings, Inc (NYSE:HA), is a holding company whose primary asset is the sole ownership of all issued and outstanding shares of common stock of Hawaiian Airlines, Inc (Hawaiian).
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