Zacks Investment Research upgraded shares of Hawaiian Holdings Inc. (NASDAQ:HA) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $54.00 target price on the stock.
According to Zacks, “Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti. “
HA has been the subject of a number of other research reports. Vetr cut Hawaiian Holdings from a buy rating to a hold rating and set a $42.00 price target for the company. in a report on Thursday, July 7th. Deutsche Bank AG raised Hawaiian Holdings from a hold rating to a buy rating and set a $41.00 price target for the company in a report on Monday, June 27th. They noted that the move was a valuation call. Morgan Stanley reissued a sell rating and set a $43.00 price target on shares of Hawaiian Holdings in a report on Sunday, August 21st. Argus raised Hawaiian Holdings from a hold rating to a buy rating and set a $51.00 price target for the company in a report on Tuesday, July 26th. Finally, Imperial Capital began coverage on Hawaiian Holdings in a report on Tuesday, September 6th. They set an outperform rating and a $58.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $50.00.
Hawaiian Holdings (NASDAQ:HA) opened at 48.89 on Wednesday. Hawaiian Holdings has a one year low of $28.40 and a one year high of $51.53. The company has a market cap of $2.61 billion, a PE ratio of 11.57 and a beta of 1.30. The firm’s 50-day moving average price is $47.95 and its 200-day moving average price is $44.34.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. The company earned $594.60 million during the quarter, compared to analysts’ expectations of $589.04 million. On average, equities research analysts forecast that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.
In related news, SVP Theodoros Panagiotoulias sold 1,508 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $47.19, for a total transaction of $71,162.52. Following the sale, the senior vice president now owns 12,332 shares in the company, valued at approximately $581,947.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Barbara Falvey sold 5,500 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $45.25, for a total value of $248,875.00. Following the sale, the senior vice president now owns 23,534 shares in the company, valued at approximately $1,064,913.50. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Hawaiian Holdings by 9.0% in the first quarter. Wellington Management Group LLP now owns 182,552 shares of the company’s stock valued at $8,615,000 after buying an additional 15,049 shares during the last quarter. Affinity Wealth Management acquired a new stake in shares of Hawaiian Holdings during the first quarter valued at approximately $389,000. UBS Group AG raised its stake in shares of Hawaiian Holdings by 56.3% in the first quarter. UBS Group AG now owns 41,497 shares of the company’s stock valued at $1,958,000 after buying an additional 14,939 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Hawaiian Holdings during the first quarter valued at approximately $3,092,000. Finally, State Street Corp raised its stake in shares of Hawaiian Holdings by 2.0% in the first quarter. State Street Corp now owns 1,026,827 shares of the company’s stock valued at $48,458,000 after buying an additional 19,954 shares during the last quarter. Institutional investors own 88.11% of the company’s stock.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.