Hawaiian Holdings Inc. (HA) Upgraded to “Buy” by Argus
Hawaiian Holdings Inc. (NASDAQ:HA) was upgraded by Argus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $51.00 price target on the stock. Argus’ price objective would indicate a potential upside of 3.03% from the company’s previous close.
HA has been the subject of several other research reports. Cowen and Company increased their price objective on shares of Hawaiian Holdings from $36.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, April 22nd. Zacks Investment Research raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Deutsche Bank AG lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Friday, April 1st. Vetr downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research note on Thursday, July 7th. Finally, Credit Suisse Group AG initiated coverage on shares of Hawaiian Holdings in a research note on Friday, June 10th. They issued a “neutral” rating and a $43.00 target price for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $48.67.
Shares of Hawaiian Holdings (NASDAQ:HA) traded down 2.60% during midday trading on Tuesday, reaching $49.50. 907,706 shares of the company traded hands. The company has a 50 day moving average of $47.46 and a 200 day moving average of $44.23. Hawaiian Holdings has a 12 month low of $27.41 and a 12 month high of $51.53. The firm has a market capitalization of $2.64 billion, a P/E ratio of 11.72 and a beta of 1.30.
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Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The company earned $594.60 million during the quarter, compared to analyst estimates of $589.04 million. On average, equities research analysts predict that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.
In other news, SVP Barbara Falvey sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $45.25, for a total value of $248,875.00. Following the transaction, the senior vice president now directly owns 23,534 shares in the company, valued at approximately $1,064,913.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark B. Dunkerley sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $50.26, for a total transaction of $402,080.00. Following the completion of the transaction, the chief executive officer now owns 567,644 shares in the company, valued at $28,529,787.44. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. purchased a new stake in Hawaiian Holdings during the second quarter worth $129,000. Acrospire Investment Management LLC purchased a new stake in Hawaiian Holdings during the first quarter worth $134,000. Societe Generale purchased a new stake in Hawaiian Holdings during the second quarter worth $149,000. SG Americas Securities LLC purchased a new stake in Hawaiian Holdings during the second quarter worth $149,000. Finally, Sei Investments Co. boosted its stake in Hawaiian Holdings by 27.1% in the second quarter. Sei Investments Co. now owns 4,212 shares of the company’s stock worth $160,000 after buying an additional 899 shares during the period. Institutional investors own 88.18% 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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