Citigroup Inc. initiated coverage on shares of Hawaiian Holdings Inc. (NASDAQ:HA) in a research note published on Friday morning. The firm issued a neutral rating and a $48.00 price target on the stock.

A number of other analysts have also recently issued reports on HA. Cowen and Company raised their target price on shares of Hawaiian Holdings from $46.00 to $48.00 and gave the stock a market perform rating in a research note on Friday, July 22nd. Bank of America Corp. restated a hold rating and set a $47.00 target price on shares of Hawaiian Holdings in a research note on Friday, July 22nd. Argus upgraded shares of Hawaiian Holdings from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Tuesday, July 26th. Morgan Stanley restated a sell rating and set a $43.00 target price on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Finally, Imperial Capital initiated coverage on shares of Hawaiian Holdings in a research note on Tuesday, September 6th. They set an outperform rating and a $58.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $49.91.

Hawaiian Holdings (NASDAQ:HA) traded down 0.30% on Friday, hitting $50.25. 166,794 shares of the stock traded hands. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 10.13 and a beta of 1.16. Hawaiian Holdings has a 52 week low of $28.40 and a 52 week high of $51.53. The firm’s 50 day moving average is $47.59 and its 200 day moving average is $44.25.

Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. The firm earned $671.83 million during the quarter, compared to analysts’ expectations of $669.22 million. Hawaiian Holdings had a net margin of 11.72% and a return on equity of 48.03%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. Equities analysts anticipate that Hawaiian Holdings will post $5.11 earnings per share for the current year.

In related news, SVP Barbara Falvey sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $45.25, for a total transaction of $203,625.00. Following the transaction, the senior vice president now owns 19,034 shares in the company, valued at approximately $861,288.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Theodoros Panagiotoulias sold 1,508 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $47.19, for a total transaction of $71,162.52. Following the transaction, the senior vice president now owns 12,332 shares in the company, valued at approximately $581,947.08. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in HA. Vanguard Group Inc. raised its stake in shares of Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock worth $226,188,000 after buying an additional 706,642 shares during the period. BlackRock Fund Advisors raised its stake in shares of Hawaiian Holdings by 15.6% in the third quarter. BlackRock Fund Advisors now owns 3,621,734 shares of the company’s stock worth $176,016,000 after buying an additional 489,803 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Hawaiian Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,377 shares of the company’s stock worth $61,838,000 after buying an additional 46,278 shares during the period. Numeric Investors LLC raised its stake in shares of Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock worth $44,154,000 after buying an additional 541,015 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in shares of Hawaiian Holdings by 2.4% in the second quarter. Hennessy Advisors Inc. now owns 1,150,500 shares of the company’s stock worth $43,673,000 after buying an additional 26,500 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.

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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