Hawaiian Holdings, Inc. (NASDAQ:HA) has been given a $30.00 price target by investment analysts at Morgan Stanley in a research note issued on Friday. The brokerage presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s target price points to a potential downside of 20.95% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Cowen and Company dropped their price objective on Hawaiian Holdings from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Friday. Imperial Capital reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of Hawaiian Holdings in a research note on Thursday, July 27th. BidaskClub cut Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Bank of America Corporation dropped their price objective on Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating for the company in a research note on Friday, June 30th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 price objective (down from $64.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.58.
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 0.40% during trading on Friday, reaching $38.10. The company’s stock had a trading volume of 108,557 shares. The company has a market capitalization of $2.04 billion, a PE ratio of 9.27 and a beta of 1.42. The stock has a 50 day moving average of $39.75 and a 200-day moving average of $46.12. Hawaiian Holdings has a 1-year low of $36.20 and a 1-year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last posted its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The company had revenue of $675.33 million during the quarter, compared to analysts’ expectations of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. On average, analysts expect that Hawaiian Holdings will post $5.57 earnings per share for the current year.
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In related news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $41.78, for a total transaction of $41,780.00. Following the completion of the transaction, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at approximately $8,289,611.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $122,430 over the last three months. 2.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HA. US Bancorp DE grew its stake 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 purchasing an additional 1,012 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Hawaiian Holdings by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock worth $189,000 after purchasing an additional 1,828 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in Hawaiian Holdings by 80.9% during the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after buying an additional 2,016 shares during the last quarter. First Quadrant L P CA lifted its holdings in Hawaiian Holdings by 170.7% during the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock worth $229,000 after buying an additional 3,073 shares during the last quarter. Finally, ARP Americas LLC purchased a new stake in Hawaiian Holdings during the 2nd quarter worth about $236,000. 90.31% of the stock is owned by hedge funds and other institutional investors.
Hawaiian Holdings Company Profile
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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