Hawaiian Holdings, Inc. (NASDAQ:HA) has been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $48.82.
HA has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of Hawaiian from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, January 30th. Sidoti raised shares of Hawaiian from a “neutral” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, March 8th. BidaskClub cut shares of Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. ValuEngine raised shares of Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Argus reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Hawaiian in a research note on Thursday, January 11th.
In other news, Director Donald J. Carty bought 5,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were bought at an average cost of $37.79 per share, for a total transaction of $188,950.00. Following the completion of the acquisition, the director now owns 18,675 shares in the company, valued at approximately $705,728.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HA. FNY Managed Accounts LLC acquired a new stake in shares of Hawaiian during the third quarter worth $152,000. Elkfork Partners LLC acquired a new stake in shares of Hawaiian during the fourth quarter worth $199,000. First Mercantile Trust Co. raised its holdings in shares of Hawaiian by 90.1% during the fourth quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock worth $216,000 after acquiring an additional 2,572 shares during the period. Flinton Capital Management LLC raised its holdings in shares of Hawaiian by 28.2% during the fourth quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock worth $253,000 after acquiring an additional 1,400 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Hawaiian during the fourth quarter worth $259,000. Institutional investors own 89.65% of the company’s stock.
Shares of HA stock traded up $0.45 during mid-day trading on Friday, reaching $35.85. 257,993 shares of the company’s stock were exchanged, compared to its average volume of 1,088,776. Hawaiian has a 1 year low of $32.40 and a 1 year high of $59.45. The company has a market capitalization of $1,836.89, a PE ratio of 5.26, a PEG ratio of 3.00 and a beta of 1.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.53.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hawaiian had a net margin of 13.51% and a return on equity of 36.52%. The firm had revenue of $686.50 million for the quarter, compared to analysts’ expectations of $686.00 million. During the same period last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. analysts forecast that Hawaiian will post 5.29 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.12 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.34%. Hawaiian’s dividend payout ratio (DPR) is presently 7.01%.
Hawaiian announced that its board has authorized a stock buyback program on Tuesday, December 5th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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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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