Zacks Investment Research upgraded shares of Hawaiian Holdings Inc. (NASDAQ:HA) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $54.00 target price on the stock.

According to Zacks, “Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti. “

Several other analysts have also issued reports on the stock. Bank of America Corp. reiterated a hold rating and set a $47.00 price target on shares of Hawaiian Holdings in a research report on Friday, July 22nd. Deutsche Bank AG raised shares of Hawaiian Holdings from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Monday, June 27th. They noted that the move was a valuation call. Cowen and Company increased their price objective on shares of Hawaiian Holdings from $46.00 to $48.00 and gave the company a market perform rating in a research note on Friday, July 22nd. Argus raised shares of Hawaiian Holdings from a hold rating to a buy rating and set a $51.00 price objective for the company in a research note on Tuesday, July 26th. Finally, Morgan Stanley reissued a sell rating and issued a $43.00 price objective on shares of Hawaiian Holdings in a research note on Sunday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $50.00.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

Shares of Hawaiian Holdings (NASDAQ:HA) opened at 47.82 on Wednesday. The firm’s 50-day moving average is $47.76 and its 200-day moving average is $44.28. Hawaiian Holdings has a 12-month low of $27.67 and a 12-month high of $51.53. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 11.32 and a beta of 1.30.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. The business had revenue of $594.60 million for 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%. Analysts predict that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.

In related news, SVP Barbara Falvey sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $45.25, for a total transaction of $248,875.00. Following the transaction, the senior vice president now directly owns 23,534 shares of the company’s stock, valued at $1,064,913.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William S. Swelbar sold 16,577 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $44.59, for a total transaction of $739,168.43. Following the transaction, the director now directly owns 12,675 shares in the company, valued at $565,178.25. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HA. Louisiana State Employees Retirement System raised its stake 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 stake 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 stake 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 stake 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 stake 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. 88.19% of the stock is currently owned by institutional investors.

About Hawaiian Holdings

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.

5 Day Chart for NASDAQ:HA

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