Investment analysts at Macquarie started coverage on shares of Hawaiian Holdings, Inc. (NASDAQ:HA) in a note issued to investors on Monday, The Fly reports. The brokerage set an “outperform” rating on the transportation company’s stock.

Several other brokerages also recently commented on HA. ValuEngine downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Cowen and Company reaffirmed a “hold” rating and set a $47.00 target price on shares of Hawaiian Holdings in a report on Friday, September 1st. Morgan Stanley reduced their target price on shares of Hawaiian Holdings from $40.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, August 17th. BidaskClub downgraded shares of Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Hawaiian Holdings has an average rating of “Hold” and an average price target of $52.17.

Hawaiian Holdings (NASDAQ:HA) traded down 0.66% during midday trading on Monday, reaching $37.45. 814,344 shares of the company’s stock were exchanged. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 9.11 and a beta of 1.41. The firm has a 50-day moving average price of $41.70 and a 200 day moving average price of $47.38. Hawaiian Holdings has a 52 week low of $36.70 and a 52 week high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The company had revenue of $675.33 million during the quarter, compared to the consensus estimate of $676.59 million. During the same quarter last year, the firm posted $1.21 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Hawaiian Holdings will post $5.70 EPS for the current year.

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In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $41.78, for a total value of $41,780.00. Following the completion of the sale, the executive vice president now owns 198,411 shares in the company, valued at approximately $8,289,611.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the completion of the sale, the executive vice president now owns 199,411 shares of the company’s stock, valued at approximately $9,591,669.10. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $202,030 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Alps Advisors Inc. raised its stake in Hawaiian Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,976 shares of the transportation company’s stock worth $468,000 after purchasing an additional 26 shares in the last quarter. Flinton Capital Management LLC raised its stake in Hawaiian Holdings by 2.3% in the 1st quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock worth $116,000 after purchasing an additional 56 shares in the last quarter. Renaissance Group LLC raised its stake in Hawaiian Holdings by 0.9% in the 2nd quarter. Renaissance Group LLC now owns 6,322 shares of the transportation company’s stock worth $297,000 after purchasing an additional 59 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Hawaiian Holdings by 0.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,320 shares of the transportation company’s stock worth $712,000 after purchasing an additional 60 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its stake in Hawaiian Holdings by 2.3% in the 1st quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock worth $141,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

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.

The Fly

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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