Hawaiian Holdings, Inc. (NASDAQ:HA) had its price objective lowered by investment analysts at Morgan Stanley from $40.00 to $39.00 in a report issued on Thursday. The brokerage presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price target would suggest a potential downside of 5.11% from the company’s previous close.

HA has been the topic of several other research reports. Credit Suisse Group started coverage on Hawaiian Holdings in a report on Monday, June 5th. They set an “outperform” rating and a $45.00 target price on the stock. Citigroup Inc. reissued a “neutral” rating and set a $57.00 target price (up previously from $56.00) on shares of Hawaiian Holdings in a report on Saturday, April 22nd. ValuEngine cut Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BidaskClub cut Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.17.

Hawaiian Holdings (NASDAQ:HA) traded down 4.20% during midday trading on Thursday, hitting $41.10. The company had a trading volume of 1,146,654 shares. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 10.00 and a beta of 1.38. Hawaiian Holdings has a 12-month low of $39.45 and a 12-month high of $60.90. The company’s 50 day moving average is $44.49 and its 200 day moving average is $48.89.

Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% 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 quarter in the previous year, the company earned $1.21 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Hawaiian Holdings will post $5.76 EPS for the current fiscal year.

Hawaiian Holdings declared that its board has authorized a stock repurchase program on Thursday, April 20th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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In related news, Director Donald J. Carty purchased 3,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average cost of $47.10 per share, for a total transaction of $141,300.00. Following the acquisition, the director now directly owns 13,675 shares in the company, valued at approximately $644,092.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark B. Dunkerley sold 19,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $56.91, for a total transaction of $1,081,290.00. Following the transaction, the insider now owns 352,942 shares in the company, valued at $20,085,929.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,500 shares of company stock worth $1,671,260. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of HA. Flinton Capital Management LLC boosted 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 in the last quarter. Americafirst Capital Management LLC bought a new position in Hawaiian Holdings during the first quarter valued at approximately $127,000. First Mercantile Trust Co. boosted 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 in the last quarter. Neuburgh Advisers LLC boosted 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 in the last quarter. Finally, US Bancorp DE boosted 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 in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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