Hawaiian Holdings Inc. (HA) Releases Earnings Results
Hawaiian Holdings Inc. (NASDAQ:HA) announced its quarterly earnings results on Tuesday. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.12. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%.
Hawaiian Holdings (NASDAQ:HA) traded up 1.57% during midday trading on Tuesday, reaching $49.10. 815,376 shares of the company traded hands. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 11.62 and a beta of 1.30. Hawaiian Holdings has a 12-month low of $28.40 and a 12-month high of $51.53. The company has a 50-day moving average price of $48.03 and a 200-day moving average price of $44.30.
In related news, Director William S. Swelbar sold 16,577 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $44.59, for a total value of $739,168.43. Following the completion of the transaction, the director now directly owns 12,675 shares in the company, valued at $565,178.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark B. Dunkerley sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were 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 owns 567,644 shares of the company’s stock, valued at $28,529,787.44. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/hawaiian-holdings-inc-ha-releases-earnings-results.html
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HA. BlackRock Fund Advisors raised its position in Hawaiian Holdings by 6.7% in the second quarter. BlackRock Fund Advisors now owns 3,131,931 shares of the company’s stock valued at $118,888,000 after buying an additional 196,249 shares in the last quarter. Panagora Asset Management Inc. raised its position in Hawaiian Holdings by 23.6% in the second quarter. Panagora Asset Management Inc. now owns 969,162 shares of the company’s stock valued at $36,789,000 after buying an additional 184,782 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Hawaiian Holdings during the second quarter valued at about $5,106,000. BlackRock Institutional Trust Company N.A. raised its position in Hawaiian Holdings by 7.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,226,099 shares of the company’s stock valued at $46,543,000 after buying an additional 89,658 shares in the last quarter. Finally, Allianz Asset Management AG raised its position in Hawaiian Holdings by 13.2% in the second quarter. Allianz Asset Management AG now owns 523,654 shares of the company’s stock valued at $19,878,000 after buying an additional 60,958 shares in the last quarter. Hedge funds and other institutional investors own 88.11% of the company’s stock.
Several brokerages have recently issued reports on HA. Credit Suisse Group AG set a $44.00 price target on shares of Hawaiian Holdings and gave the company a “hold” rating in a report on Monday, September 12th. Vetr raised shares of Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Monday, June 27th. Zacks Investment Research downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Deutsche Bank AG boosted their price target on shares of Hawaiian Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 12th. Finally, Imperial Capital began coverage on shares of Hawaiian Holdings in a report on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.00.
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.
Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.