Hawaiian Holdings Inc. (HA) Insider Mark B. Dunkerley Sells 8,000 Shares
Hawaiian Holdings Inc. (NASDAQ:HA) insider Mark B. Dunkerley sold 8,000 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $50.25, for a total transaction of $402,000.00. Following the completion of the sale, the insider now directly owns 539,644 shares in the company, valued at approximately $27,117,111. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) opened at 50.50 on Tuesday. The stock has a 50 day moving average of $47.72 and a 200-day moving average of $44.40. The company has a market capitalization of $2.70 billion, a PE ratio of 10.18 and a beta of 1.16. Hawaiian Holdings Inc. has a 12-month low of $28.40 and a 12-month high of $51.53.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.08. The firm had revenue of $671.83 million for 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 was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. Analysts predict that Hawaiian Holdings Inc. will post $5.11 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. purchased a new position in shares of Hawaiian Holdings during the second quarter valued at $129,000. Societe Generale bought a new position in Hawaiian Holdings during the second quarter worth approximately $149,000. SG Americas Securities LLC bought a new position in Hawaiian Holdings during the second quarter worth approximately $149,000. Sei Investments Co. boosted its position in Hawaiian Holdings by 27.1% in the second quarter. Sei Investments Co. now owns 4,212 shares of the company’s stock worth $160,000 after buying an additional 899 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Hawaiian Holdings by 133.6% in the first quarter. BlackRock Inc. now owns 3,467 shares of the company’s stock worth $164,000 after buying an additional 1,983 shares during the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. Morgan Stanley reissued a “sell” rating and issued a $43.00 target price on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Imperial Capital raised their price target on shares of Hawaiian Holdings from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday. Argus raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 26th. Deutsche Bank AG raised their price target on shares of Hawaiian Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 12th. Finally, Zacks Investment Research downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Hawaiian Holdings has an average rating of “Hold” and a consensus target price of $50.27.
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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