Mark B. Dunkerley Sells 10,000 Shares of Hawaiian Holdings Inc. (HA) Stock
Hawaiian Holdings Inc. (NASDAQ:HA) insider Mark B. Dunkerley sold 10,000 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $48.97, for a total transaction of $489,700.00. Following the sale, the insider now directly owns 562,644 shares of the company’s stock, valued at $27,552,676.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) traded up 1.57% during trading on Tuesday, reaching $49.10. 829,896 shares of the company traded hands. The stock has a market cap of $2.62 billion, a P/E ratio of 11.62 and a beta of 1.30. Hawaiian Holdings Inc. has a 12 month low of $28.40 and a 12 month high of $51.53. The stock’s 50 day moving average price is $48.13 and its 200-day moving average price is $44.32.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.12. The firm earned $671.83 million during the quarter, compared to analysts’ expectations of $669.22 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. On average, equities research analysts expect that Hawaiian Holdings Inc. will post $4.94 EPS for the current fiscal year.
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A number of analysts have commented on HA shares. Deutsche Bank AG raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, June 27th. They noted that the move was a valuation call. Vetr raised shares of Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Monday, June 27th. Zacks Investment Research lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Cowen and Company upped their price objective on shares of Hawaiian Holdings from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Finally, Bank of America Corp. reaffirmed a “hold” rating and set a $47.00 price objective on shares of Hawaiian Holdings in a research note on Friday, July 22nd. One 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. The company has an average rating of “Hold” and a consensus price target of $50.00.
Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. bought a new position in Hawaiian Holdings during the second quarter valued at about $129,000. BlackRock Inc. raised its position in Hawaiian Holdings by 133.6% in the first quarter. BlackRock Inc. now owns 3,467 shares of the company’s stock valued at $164,000 after buying an additional 1,983 shares during the last quarter. Royal Bank of Canada raised its position in Hawaiian Holdings by 55.5% in the first quarter. Royal Bank of Canada now owns 3,670 shares of the company’s stock valued at $173,000 after buying an additional 1,310 shares during the last quarter. Societe Generale bought a new position in Hawaiian Holdings during the second quarter valued at about $149,000. Finally, SG Americas Securities LLC bought a new position in Hawaiian Holdings during the second quarter valued at about $149,000. Institutional investors own 88.11% of the company’s stock.
Hawaiian Holdings Company Profile
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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