Hawaiian Holdings, Inc. (NASDAQ:HA) Earns “Outperform” Rating from Imperial Capital
Hawaiian Holdings, Inc. (NASDAQ:HA)‘s stock had its “outperform” rating reiterated by equities research analysts at Imperial Capital in a research report issued on Thursday. They presently have a $74.00 price target on the transportation company’s stock. Imperial Capital’s price target points to a potential upside of 76.61% from the company’s current price.
A number of other research firms have also recently commented on HA. Deutsche Bank AG cut Hawaiian Holdings from a “buy” rating to a “hold” rating and cut their target price for the stock from $63.00 to $59.00 in a research note on Thursday, June 8th. BidaskClub raised Hawaiian Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Citigroup Inc. increased their target price on Hawaiian Holdings from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, June 9th. Stifel Nicolaus cut Hawaiian Holdings from a “hold” rating to a “sell” rating and cut their target price for the stock from $60.00 to $40.00 in a research note on Wednesday, June 14th. Finally, Zacks Investment Research raised Hawaiian Holdings from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $52.25.
Shares of Hawaiian Holdings (NASDAQ HA) opened at 41.90 on Thursday. Hawaiian Holdings has a 52-week low of $39.45 and a 52-week high of $60.90. The firm has a market cap of $2.25 billion, a PE ratio of 10.24 and a beta of 1.41. The firm has a 50-day moving average of $48.02 and a 200 day moving average of $50.26.
Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 45.78% and a net margin of 8.88%. The firm had revenue of $675.33 million for the quarter, compared to analysts’ expectations of $676.59 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict that Hawaiian Holdings will post $5.56 earnings per share for the current year.
Hawaiian Holdings declared that its board has authorized a share repurchase plan on Thursday, April 20th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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In other Hawaiian Holdings news, insider Mark B. Dunkerley sold 18,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $53.71, for a total value of $966,780.00. Following the transaction, the insider now owns 357,942 shares of the company’s stock, valued at $19,225,064.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark B. Dunkerley sold 19,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total value of $1,081,290.00. Following the completion of the transaction, the insider now directly owns 352,942 shares in the company, valued at approximately $20,085,929.22. The disclosure for this sale can be found here. In the last three months, insiders sold 84,408 shares of company stock worth $4,535,900. 2.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HA. Flinton Capital Management LLC increased its position in Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after buying an additional 56 shares during the period. Americafirst Capital Management LLC bought a new position in Hawaiian Holdings during the first quarter valued at approximately $127,000. First Mercantile Trust Co. increased its position in Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock valued at $137,000 after buying an additional 434 shares during the period. Neuburgh Advisers LLC increased its position in Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after buying an additional 68 shares during the period. Finally, US Bancorp DE increased its position in Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares during the period. 90.20% of the stock is currently owned by 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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