Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $48.80.
HA has been the subject of several analyst reports. Citigroup reduced their target price on Hawaiian from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Buckingham Research raised Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, November 16th. BidaskClub lowered Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 28th. Imperial Capital upped their price target on Hawaiian from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research raised Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.
A number of hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. increased its position in Hawaiian by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock worth $331,000 after purchasing an additional 95 shares during the last quarter. Suntrust Banks Inc. increased its position in Hawaiian by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 9,507 shares of the transportation company’s stock worth $446,000 after purchasing an additional 102 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Hawaiian by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,713 shares of the transportation company’s stock worth $1,911,000 after purchasing an additional 214 shares during the last quarter. Amalgamated Bank increased its position in Hawaiian by 4.8% in the 2nd quarter. Amalgamated Bank now owns 7,315 shares of the transportation company’s stock worth $343,000 after purchasing an additional 332 shares during the last quarter. Finally, Dana Investment Advisors Inc. increased its position in Hawaiian by 0.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 42,502 shares of the transportation company’s stock worth $1,995,000 after purchasing an additional 380 shares during the last quarter. 93.45% of the stock is currently owned by institutional investors.
Shares of Hawaiian (NASDAQ:HA) traded up $1.30 during midday trading on Friday, hitting $38.80. The stock had a trading volume of 1,164,536 shares, compared to its average volume of 1,078,635. Hawaiian has a twelve month low of $32.40 and a twelve month high of $59.45. The stock has a market capitalization of $1,928.34, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 3.55 and a beta of 1.52. 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 declared that its board has authorized a stock repurchase plan on Tuesday, December 5th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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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