Hawaiian Holdings, Inc. (HA) Upgraded at Buckingham Research
Hawaiian Holdings, Inc. (NASDAQ:HA) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating in a report issued on Thursday.
HA has been the topic of several other research reports. BidaskClub lowered shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine lowered shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Cowen and Company dropped their price target on shares of Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 26th. Deutsche Bank AG restated a “hold” rating and issued a $52.00 price target (down previously from $64.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Finally, Morgan Stanley restated an “underweight” rating and issued a $40.00 price target (down previously from $41.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Hawaiian Holdings presently has an average rating of “Hold” and an average price target of $47.58.
Hawaiian Holdings (HA) opened at $37.20 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. Hawaiian Holdings has a 12-month low of $32.40 and a 12-month high of $60.90. The company has a market cap of $1,915.22, a PE ratio of 6.27, a PEG ratio of 2.91 and a beta of 1.42.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The business had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 earnings per share. research analysts forecast that Hawaiian Holdings will post 5.54 EPS for the current fiscal year.
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In other news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the executive vice president now directly owns 197,411 shares in the company, valued at approximately $7,896,440. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HA. State of New Jersey Common Pension Fund D bought a new stake in shares of Hawaiian Holdings during the second quarter worth approximately $37,560,000. Prudential Financial Inc. raised its stake in shares of Hawaiian Holdings by 370.3% during the third quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock worth $36,864,000 after buying an additional 772,990 shares during the last quarter. BlackRock Inc. increased its stake in Hawaiian Holdings by 7.5% in the second quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after purchasing an additional 506,330 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Hawaiian Holdings in the third quarter valued at approximately $15,463,000. Finally, Wells Fargo & Company MN increased its stake in Hawaiian Holdings by 219.2% in the third quarter. Wells Fargo & Company MN now owns 561,166 shares of the transportation company’s stock valued at $21,072,000 after purchasing an additional 385,337 shares in the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.
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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