Hawaiian Holdings, Inc. (NASDAQ:HA)‘s stock had its “underweight” rating reaffirmed by Morgan Stanley in a report issued on Thursday. They currently have a $40.00 price objective on the transportation company’s stock, down from their previous price objective of $52.00. Morgan Stanley’s price target would suggest a potential downside of 14.71% from the stock’s current price.

Several other research firms have also recently commented on HA. Zacks Investment Research cut Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Cowen and Company reduced their target price on Hawaiian Holdings from $54.00 to $52.00 and set a “market perform” rating for the company in a research note on Monday, April 10th. Credit Suisse Group assumed coverage on Hawaiian Holdings in a research note on Monday, June 5th. They set an “outperform” rating and a $45.00 target price for the company. Imperial Capital reiterated an “outperform” rating on shares of Hawaiian Holdings in a research note on Friday, March 17th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $57.00 target price (up from $56.00) on shares of Hawaiian Holdings in a research note on Saturday, April 22nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.08.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

Shares of Hawaiian Holdings (NASDAQ:HA) traded down 2.09% during mid-day trading on Thursday, reaching $46.90. 1,239,948 shares of the company traded hands. The company has a market capitalization of $2.52 billion, a P/E ratio of 11.47 and a beta of 1.43. Hawaiian Holdings has a 52-week low of $34.69 and a 52-week high of $60.90. The firm’s 50 day moving average price is $52.17 and its 200-day moving average price is $52.10.

Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Thursday, April 20th. The transportation company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.18. The firm had revenue of $614.20 million during the quarter, compared to analysts’ expectations of $610.70 million. Hawaiian Holdings had a return on equity of 44.77% and a net margin of 9.42%. Hawaiian Holdings’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Equities analysts predict that Hawaiian Holdings will post $5.51 earnings per share for the current fiscal year.

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In other Hawaiian Holdings news, CAO Ronald Anderson-Lehman sold 29,408 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $55.00, for a total value of $1,617,440.00. Following the sale, the chief accounting officer now directly owns 34,847 shares of the company’s stock, valued at $1,916,585. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter R. Ingram sold 2,500 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $48.27, for a total value of $120,675.00. Following the completion of the sale, the executive vice president now directly owns 216,711 shares in the company, valued at $10,460,639.97. The disclosure for this sale can be found here. Insiders sold 109,908 shares of company stock worth $5,856,135 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Hawaiian Holdings by 1.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 355,300 shares of the transportation company’s stock valued at $16,504,000 after buying an additional 4,400 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Hawaiian Holdings by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 45,864 shares of the transportation company’s stock valued at $2,130,000 after buying an additional 138 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Hawaiian Holdings by 10.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 18,700 shares of the transportation company’s stock valued at $869,000 after buying an additional 1,700 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Hawaiian Holdings by 42.6% in the first quarter. HighTower Advisors LLC now owns 54,486 shares of the transportation company’s stock valued at $2,518,000 after buying an additional 16,288 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of Hawaiian Holdings by 360.2% in the first quarter. Gotham Asset Management LLC now owns 325,972 shares of the transportation company’s stock valued at $15,141,000 after buying an additional 255,132 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

Hawaiian Holdings Company Profile

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.

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