Hawaiian Holdings Shares Down 3.5% on Insider Selling (HA)
Shares of Hawaiian Holdings (NYSE:HA) dropped 3.5% on Wednesday following insider selling activity, AnalystRatings.Net reports. The company traded as low as $15.07 and last traded at $15.27, with a volume of 417,644 shares changing hands. The stock had previously closed at $15.83.
Specifically, CEO Mark B. Dunkerley unloaded 100,000 shares of Hawaiian Holdings stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $15.62, for a total value of $1,562,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wolfe Research upgraded shares of Hawaiian Holdings from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. Separately, analysts at Imperial Capital cut their price target on shares of Hawaiian Holdings from $16.00 to $13.00 in a research note on Wednesday, July 23rd. They now have an “in-line” rating on the stock. Finally, analysts at CRT Capital raised their price target on shares of Hawaiian Holdings from $20.00 to $21.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.83.
The stock has a 50-day moving average of $14.46 and a 200-day moving average of $14.08. The company has a market cap of $823.4 million and a P/E ratio of 11.03.
Hawaiian Holdings (NYSE:HA) last released its earnings data on Tuesday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $575.72 million for the quarter, compared to the consensus estimate of $571.14 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Hawaiian Holdings will post $1.46 EPS for the current fiscal year.
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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