Hawaiian Holdings, Inc. (NASDAQ:HA) had its target price increased by Imperial Capital from $72.00 to $74.00 in a research note issued to investors on Monday morning. They currently have an outperform rating on the transportation company’s stock.
Several other research analysts also recently issued reports on HA. ValuEngine downgraded Hawaiian Holdings from a strong-buy rating to a buy rating in a research note on Monday, July 24th. BidaskClub downgraded Hawaiian Holdings from a hold rating to a sell rating in a research note on Monday, July 24th. Stifel Nicolaus raised Hawaiian Holdings from a sell rating to a hold rating and set a $40.00 price objective for the company in a research note on Tuesday, July 25th. Cowen and Company lowered their price objective on Hawaiian Holdings from $50.00 to $47.00 and set a market perform rating for the company in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $52.00 price objective (down previously from $64.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $47.58.
Shares of Hawaiian Holdings (NASDAQ:HA) remained flat at $$36.50 during midday trading on Monday. The stock had a trading volume of 1,365,120 shares, compared to its average volume of 1,030,395. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1,896.85, a price-to-earnings ratio of 6.21, a P/E/G ratio of 2.88 and a beta of 1.42. Hawaiian Holdings has a twelve month low of $32.40 and a twelve month high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian Holdings had a return on equity of 41.49% and a net margin of 7.67%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 earnings per share. analysts predict that Hawaiian Holdings will post 5.55 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 16th.
In related news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total value of $40,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC raised its position in Hawaiian Holdings by 107.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 8,939 shares of the transportation company’s stock valued at $336,000 after buying an additional 4,639 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Hawaiian Holdings in the 3rd quarter valued at $3,787,000. Hollow Brook Wealth Management LLC purchased a new stake in Hawaiian Holdings in the 3rd quarter valued at $1,376,000. Envestnet Asset Management Inc. raised its position in Hawaiian Holdings by 58.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,416 shares of the transportation company’s stock valued at $729,000 after buying an additional 7,192 shares during the last quarter. Finally, OxFORD Asset Management LLP raised its position in Hawaiian Holdings by 8.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 66,733 shares of the transportation company’s stock valued at $2,466,000 after buying an additional 5,225 shares during the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.
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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