Lawrence Hershfield Sells 20,000 Shares of Hawaiian Holdings Inc. (HA) Stock
Hawaiian Holdings Inc. (NASDAQ:HA) Director Lawrence Hershfield sold 20,000 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $47.48, for a total transaction of $949,600.00. Following the completion of the sale, the director now directly owns 406,664 shares in the company, valued at $19,308,406.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Hawaiian Holdings Inc. (NASDAQ:HA) opened at 47.80 on Friday. The firm’s 50-day moving average is $46.52 and its 200-day moving average is $44.05. The company has a market capitalization of $2.55 billion, a PE ratio of 11.32 and a beta of 1.22. Hawaiian Holdings Inc. has a 12 month low of $23.77 and a 12 month high of $50.95.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06. The business earned $594.60 million during the quarter, compared to the consensus estimate of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. Equities analysts anticipate that Hawaiian Holdings Inc. will post $4.94 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Vetr raised shares of Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Monday, June 27th. Deutsche Bank AG raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Monday, June 27th. They noted that the move was a valuation call. Credit Suisse Group AG assumed coverage on shares of Hawaiian Holdings in a report on Friday, June 10th. They issued a “neutral” rating and a $43.00 price target on the stock. Finally, Bank of America Corp. reissued a “hold” rating and issued a $47.00 price target on shares of Hawaiian Holdings in a report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.60.
Several hedge funds and other institutional investors have recently made changes to their positions in HA. Mason Street Advisors LLC bought a new position in shares of Hawaiian Holdings during the second quarter worth about $354,000. Royal Bank of Canada increased its position in shares of Hawaiian Holdings by 492.3% in the second quarter. Royal Bank of Canada now owns 21,738 shares of the company’s stock worth $824,000 after buying an additional 18,068 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Hawaiian Holdings by 21.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 424,078 shares of the company’s stock worth $16,099,000 after buying an additional 74,975 shares during the period. Stifel Financial Corp increased its position in shares of Hawaiian Holdings by 207.7% in the second quarter. Stifel Financial Corp now owns 17,524 shares of the company’s stock worth $666,000 after buying an additional 11,828 shares during the period. Finally, Amalgamated Bank increased its position in shares of Hawaiian Holdings by 20.3% in the second quarter. Amalgamated Bank now owns 6,040 shares of the company’s stock worth $268,000 after buying an additional 1,018 shares during the period. Institutional investors own 88.18% of the company’s stock.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
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