Hawaiian Holdings, Inc. (HA) Stock Rating Lowered by ValuEngine
Hawaiian Holdings, Inc. (NASDAQ:HA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
HA has been the topic of several other research reports. Credit Suisse Group started coverage on Hawaiian Holdings in a research note on Monday, June 5th. They set an “outperform” rating and a $45.00 price target on the stock. BidaskClub lowered Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Stifel Nicolaus raised Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research note on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $41.00 target price (up previously from $40.00) on shares of Hawaiian Holdings in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.17.
Hawaiian Holdings (NASDAQ:HA) traded down 2.49% during trading on Thursday, hitting $41.15. The stock had a trading volume of 576,087 shares. Hawaiian Holdings has a 12-month low of $39.45 and a 12-month high of $60.90. The stock’s 50 day moving average price is $42.55 and its 200 day moving average price is $47.97. The firm has a market cap of $2.20 billion, a P/E ratio of 10.01 and a beta of 1.41.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly 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. The business had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 EPS. On average, analysts anticipate that Hawaiian Holdings will post $5.73 EPS for the current fiscal year.
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In other Hawaiian Holdings news, EVP Peter R. Ingram sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $56.62, for a total transaction of $283,100.00. Following the transaction, the executive vice president now owns 202,911 shares of the company’s stock, valued at approximately $11,488,820.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donald J. Carty purchased 3,000 shares of Hawaiian Holdings stock in a transaction on 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 purchase, the director now owns 13,675 shares in the company, valued at $644,092.50. The disclosure for this purchase can be found here. In the last three months, insiders have sold 11,500 shares of company stock worth $589,970. Corporate insiders own 2.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC purchased a new position in shares of Hawaiian Holdings during the 2nd quarter worth $12,159,000. U S Global Investors Inc. increased its holdings in shares of Hawaiian Holdings by 46.4% during the 2nd quarter. U S Global Investors Inc. now owns 102,789 shares of the transportation company’s stock worth $4,250,000 after buying an additional 32,598 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Hawaiian Holdings by 36.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 62,788 shares of the transportation company’s stock worth $2,948,000 after buying an additional 16,924 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Hawaiian Holdings by 65.4% during the 2nd quarter. Verition Fund Management LLC now owns 14,799 shares of the transportation company’s stock worth $695,000 after buying an additional 5,849 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Hawaiian Holdings during the 2nd quarter worth $544,000. 90.42% of the stock is currently owned by 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.
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