Hawaiian Holdings, Inc. (NASDAQ:HA) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

A number of other research analysts also recently weighed in on HA. Bank of America Corporation lowered their price objective on shares of Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating on the stock in a research report on Friday, June 30th. Morgan Stanley restated an “underweight” rating and set a $41.00 price objective (up previously from $40.00) on shares of Hawaiian Holdings in a research report on Monday, July 10th. ValuEngine downgraded shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus upgraded shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a research report on Tuesday, July 25th. Finally, Cowen and Company lowered their price objective on shares of Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.58.

Shares of Hawaiian Holdings (HA) opened at 33.90 on Friday. The company has a market cap of $1.82 billion, a PE ratio of 8.25 and a beta of 1.41. Hawaiian Holdings has a 12-month low of $32.95 and a 12-month high of $60.90. The company has a 50 day moving average of $39.15 and a 200-day moving average of $45.70.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The firm had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. During the same quarter in the prior year, the company posted $1.91 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Hawaiian Holdings will post $5.56 earnings per share for the current year.

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In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 3,000 shares of company stock worth $122,430 over the last quarter. Insiders own 2.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. State Street Corp raised its position in shares of Hawaiian Holdings by 4.2% during the 1st quarter. State Street Corp now owns 1,355,866 shares of the transportation company’s stock valued at $62,980,000 after purchasing an additional 55,043 shares during the period. FMR LLC raised its position in shares of Hawaiian Holdings by 6.6% during the 1st quarter. FMR LLC now owns 239,400 shares of the transportation company’s stock valued at $11,120,000 after purchasing an additional 14,900 shares during the period. Shell Asset Management Co. raised its position in shares of Hawaiian Holdings by 664.0% during the 3rd quarter. Shell Asset Management Co. now owns 257,698 shares of the transportation company’s stock valued at $3,466,000 after purchasing an additional 223,969 shares during the period. First Quadrant L P CA raised its position in shares of Hawaiian Holdings by 170.7% during the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 3,073 shares during the period. Finally, Financial Consulate Inc. raised its position in shares of Hawaiian Holdings by 33.3% during the 3rd quarter. Financial Consulate Inc. now owns 55,023 shares of the transportation company’s stock valued at $2,066,000 after purchasing an additional 13,756 shares during the period. Hedge funds and other institutional investors own 89.61% 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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