Hawaiian Holdings Inc. (NASDAQ:HA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

A number of other equities research analysts have also weighed in on HA. Deutsche Bank AG upgraded shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, June 27th. They noted that the move was a valuation call. Vetr upgraded shares of 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. Cowen and Company boosted their price objective on shares of Hawaiian Holdings from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, July 22nd. Bank of America Corp. restated a “hold” rating and issued a $47.00 price objective on shares of Hawaiian Holdings in a report on Friday, July 22nd. Finally, Argus upgraded shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Hawaiian Holdings currently has an average rating of “Hold” and a consensus target price of $50.00.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

Shares of Hawaiian Holdings (NASDAQ:HA) opened at 48.89 on Thursday. Hawaiian Holdings has a 12-month low of $28.40 and a 12-month high of $51.53. The firm has a 50-day moving average of $47.95 and a 200-day moving average of $44.34. The firm has a market capitalization of $2.61 billion, a PE ratio of 11.57 and a beta of 1.30.

Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The firm 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%. Equities analysts anticipate that Hawaiian Holdings will post $4.94 earnings per share for the current year.

In other news, CEO Mark B. Dunkerley sold 8,000 shares of the company’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 sale, the chief executive officer now directly owns 567,644 shares of the company’s stock, valued at approximately $28,529,787.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $45.97, for a total transaction of $1,221,974.54. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in Hawaiian Holdings by 5.5% in the third quarter. Capstone Asset Management Co. now owns 17,930 shares of the company’s stock worth $871,000 after buying an additional 940 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Hawaiian Holdings during the third quarter worth $335,000. Creative Planning increased its stake in Hawaiian Holdings by 11.8% in the third quarter. Creative Planning now owns 11,630 shares of the company’s stock worth $565,000 after buying an additional 1,230 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Hawaiian Holdings during the third quarter worth $227,000. Finally, Eqis Capital Management Inc. acquired a new stake in Hawaiian Holdings during the third quarter worth $324,000. 88.19% of the stock is currently owned by hedge funds and other 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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