Hawaiian Holdings, Inc. (NASDAQ:HA)‘s stock had its “sell” rating restated by investment analysts at Stifel Nicolaus in a report released on Tuesday. They presently have a $40.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 9.50% from the company’s current price.

Several other research firms have also weighed in on HA. Deutsche Bank AG lowered shares of Hawaiian Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $63.00 to $59.00 in a report on Thursday, June 8th. Buckingham Research upgraded shares of Hawaiian Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $63.00 in a report on Friday, April 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Wednesday, May 17th. Citigroup Inc. boosted their target price on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, June 9th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $56.00 target price (up from $52.00) on shares of Hawaiian Holdings in a report on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Hawaiian Holdings presently has an average rating of “Hold” and a consensus target price of $54.83.

Shares of Hawaiian Holdings (NASDAQ:HA) traded down 1.34% during mid-day trading on Tuesday, hitting $44.20. 1,766,760 shares of the stock traded hands. The firm has a 50 day moving average of $48.57 and a 200 day moving average of $50.40. The company has a market cap of $2.37 billion, a P/E ratio of 10.81 and a beta of 1.42. Hawaiian Holdings has a 12 month low of $43.50 and a 12 month high of $60.90.

Hawaiian Holdings announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 20th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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In related news, CAO Ronald Anderson-Lehman sold 29,408 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $55.00, for a total transaction 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 approximately $1,916,585. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shannon Lei Okinaka sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the sale, the chief financial officer now directly owns 33,838 shares in the company, valued at $720,072.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,408 shares of company stock worth $4,535,900. 2.30% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Hawaiian Holdings by 89,830.1% in the first quarter. BlackRock Inc. now owns 6,741,157 shares of the transportation company’s stock valued at $313,127,000 after buying an additional 6,733,661 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hawaiian Holdings by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,405,780 shares of the transportation company’s stock worth $297,549,000 after buying an additional 541,715 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hawaiian Holdings by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,730,167 shares of the transportation company’s stock worth $80,366,000 after buying an additional 35,723 shares in the last quarter. State Street Corp increased its stake in shares of Hawaiian Holdings by 4.2% in the first quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock worth $62,980,000 after buying an additional 55,043 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Hawaiian Holdings by 5.4% in the first quarter. Geode Capital Management LLC now owns 739,269 shares of the transportation company’s stock worth $34,338,000 after buying an additional 37,899 shares in the last quarter. 90.20% of the stock is currently owned by hedge funds and other institutional investors.

About Hawaiian Holdings

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.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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