Hawaiian (NASDAQ:HA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, December 27th.
HA has been the subject of a number of other reports. Buckingham Research restated a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Cowen cut their price objective on Hawaiian from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Friday, October 13th. ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Imperial Capital boosted their price objective on Hawaiian from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Finally, Bank of America reiterated an “underperform” rating and set a $38.00 price objective (down from $43.00) on shares of Hawaiian in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $47.58.
Hawaiian (NASDAQ:HA) traded up $1.00 during midday trading on Wednesday, reaching $38.75. The company had a trading volume of 1,390,933 shares, compared to its average volume of 1,084,529. Hawaiian has a 52 week low of $32.40 and a 52 week high of $59.45. The company has a market cap of $1,980.00, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 3.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90.
Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. The business had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. equities research analysts anticipate that Hawaiian will post 5.64 EPS for the current year.
Hawaiian announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors and hedge funds have recently modified their holdings of HA. FNY Managed Accounts LLC purchased a new stake in shares of Hawaiian during the 3rd quarter worth approximately $152,000. Riverhead Capital Management LLC increased its position in shares of Hawaiian by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 1,828 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Hawaiian by 80.9% during the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 2,016 shares during the last quarter. First Hawaiian Bank bought a new position in shares of Hawaiian during the 3rd quarter valued at approximately $224,000. Finally, SG Americas Securities LLC increased its position in shares of Hawaiian by 49.6% during the 2nd quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock valued at $243,000 after purchasing an additional 1,716 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.
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Hawaiian 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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