Hawaiian Holdings, Inc. (HA) Upgraded to “Buy” at ValuEngine
ValuEngine upgraded shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a hold rating to a buy rating in a research note issued to investors on Monday morning.
Several other equities analysts have also issued reports on HA. BidaskClub lowered shares of Hawaiian Holdings from a buy rating to a hold rating in a report on Friday, June 16th. Zacks Investment Research downgraded Hawaiian Holdings from a buy rating to a hold rating in a research note on Friday, June 16th. Deutsche Bank AG downgraded Hawaiian Holdings from a buy rating to a hold rating and dropped their price objective for the stock from $63.00 to $59.00 in a research note on Thursday, June 8th. Stifel Nicolaus upgraded Hawaiian Holdings from a sell rating to a hold rating and set a $40.00 target price on the stock in a report on Tuesday, July 25th. Finally, Cowen and Company reiterated a hold rating and set a $47.00 target price on shares of Hawaiian Holdings in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $50.08.
Hawaiian Holdings (NASDAQ:HA) traded up 2.63% during mid-day trading on Monday, hitting $39.05. The stock had a trading volume of 182,155 shares. The company has a market cap of $2.09 billion, a P/E ratio of 9.50 and a beta of 1.42. Hawaiian Holdings has a 1-year low of $36.70 and a 1-year high of $60.90. The company has a 50-day moving average price of $40.58 and a 200 day moving average price of $46.67.
Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm had revenue of $675.33 million during the quarter, compared to the consensus estimate of $676.59 million. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Hawaiian Holdings will post $5.60 EPS for the current fiscal year.
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In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the executive vice president now owns 197,411 shares of the company’s stock, valued at $7,896,440. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Peter R. Ingram sold 2,500 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the completion of the sale, the executive vice president now directly owns 199,411 shares in the company, valued at approximately $9,591,669.10. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $202,030 in the last 90 days. Company insiders own 2.30% of the company’s stock.
Hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its position in Hawaiian Holdings by 42.4% during the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock worth $158,000 after buying an additional 1,012 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Hawaiian Holdings by 8.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 12,964 shares of the transportation company’s stock worth $602,000 after buying an additional 955 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Hawaiian Holdings during the 1st quarter worth about $796,000. Trexquant Investment LP acquired a new position in shares of Hawaiian Holdings during the 1st quarter worth about $209,000. Finally, Mason Street Advisors LLC boosted its stake in shares of Hawaiian Holdings by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 12,498 shares of the transportation company’s stock worth $581,000 after buying an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.
About Hawaiian Holdings
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.
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