Hawaiian Holdings Inc. (HA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.50.
HA has been the topic of a number of analyst reports. Zacks Investment Research downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Vetr upgraded Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Monday, June 27th. Deutsche Bank AG upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, June 27th. They noted that the move was a valuation call. Bank of America Corp. reiterated a “hold” rating and set a $47.00 target price on shares of Hawaiian Holdings in a research report on Friday, July 22nd. Finally, Cowen and Company boosted their target price on Hawaiian Holdings from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd.
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 1.810% during mid-day trading on Tuesday, hitting $49.215. The company’s stock had a trading volume of 317,921 shares. The stock has a 50-day moving average of $48.03 and a 200-day moving average of $44.30. The company has a market cap of $2.63 billion, a PE ratio of 11.651 and a beta of 1.30. Hawaiian Holdings has a 12-month low of $28.40 and a 12-month high of $51.53.
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Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06. The business had revenue of $594.60 million for the quarter, compared to analyst estimates of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. On average, equities research analysts forecast that Hawaiian Holdings will post $4.94 EPS for the current year.
In related news, CEO Mark B. Dunkerley sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $50.26, for a total value of $402,080.00. Following the completion of the transaction, the chief executive officer now directly owns 567,644 shares in the company, valued at $28,529,787.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $45.97, for a total value of $1,221,974.54. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HA. Fiera Capital Corp acquired a new position in Hawaiian Holdings during the second quarter valued at approximately $33,414,000. Vanguard Group Inc. raised its position in Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock valued at $226,188,000 after buying an additional 706,642 shares during the last quarter. Renaissance Technologies LLC raised its position in Hawaiian Holdings by 37.6% in the first quarter. Renaissance Technologies LLC now owns 2,154,200 shares of the company’s stock valued at $101,657,000 after buying an additional 588,300 shares during the last quarter. Numeric Investors LLC raised its position in Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock valued at $44,154,000 after buying an additional 541,015 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Hawaiian Holdings during the second quarter valued at approximately $15,873,000. Hedge funds and other institutional investors own 88.11% 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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