Mark B. Dunkerley Sells 8,000 Shares of Hawaiian Holdings Inc. (HA) Stock
Hawaiian Holdings Inc. (NASDAQ:HA) CEO Mark B. Dunkerley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $50.26, for a total value of $402,080.00. Following the completion of the sale, the chief executive officer now directly owns 567,644 shares of the company’s stock, valued at $28,529,787.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Hawaiian Holdings Inc. (NASDAQ:HA) opened at 50.82 on Friday. Hawaiian Holdings Inc. has a 12 month low of $26.24 and a 12 month high of $51.53. The firm has a market capitalization of $2.71 billion, a P/E ratio of 12.03 and a beta of 1.30. The stock’s 50 day moving average price is $47.33 and its 200 day moving average price is $44.21.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.21 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 analyst estimates of $589.04 million. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. On average, analysts forecast that Hawaiian Holdings Inc. will post $4.94 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in Hawaiian Holdings by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock valued at $801,000 after buying an additional 100 shares during the period. BlackRock Group LTD raised its position in Hawaiian Holdings by 0.6% in the first quarter. BlackRock Group LTD now owns 36,699 shares of the company’s stock valued at $1,732,000 after buying an additional 207 shares during the period. PineBridge Investments L.P. raised its position in Hawaiian Holdings by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,049 shares of the company’s stock valued at $230,000 after buying an additional 242 shares during the period. Arizona State Retirement System raised its position in Hawaiian Holdings by 1.6% in the second quarter. Arizona State Retirement System now owns 24,797 shares of the company’s stock valued at $941,000 after buying an additional 400 shares during the period. Finally, Synovus Financial Corp raised its position in Hawaiian Holdings by 0.9% in the second quarter. Synovus Financial Corp now owns 47,999 shares of the company’s stock valued at $1,821,000 after buying an additional 408 shares during the period. 88.18% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on HA shares. Vetr raised Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Monday, June 27th. Credit Suisse Group AG set a $44.00 price objective on Hawaiian Holdings and gave the company a “hold” rating in a report on Monday, September 12th. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price objective (up from $41.00) on shares of Hawaiian Holdings in a report on Friday, July 8th. Bank of America Corp. reissued a “hold” rating and issued a $47.00 price objective on shares of Hawaiian Holdings in a report on Friday, July 22nd. Finally, Cowen and Company lifted their target price on Hawaiian Holdings from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.60.
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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