Today, Hawaiian Holdings Inc. (HA) Receives Consensus Recommendation of “Hold” from Analysts

Today, Hawaiian Holdings Inc. (HA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hawaiian Holdings Inc. (NASDAQ:HA) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.50.

HA has been the topic of a number of analyst reports. Zacks Investment Research downgraded Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Vetr upgraded Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Monday, June 27th. Deutsche Bank AG upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, June 27th. They noted that the move was a valuation call. Bank of America Corp. reiterated a “hold” rating and set a $47.00 target price on shares of Hawaiian Holdings in a research report on Friday, July 22nd. Finally, Cowen and Company boosted their target price on Hawaiian Holdings from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd.

Shares of Hawaiian Holdings (NASDAQ:HA) traded up 1.810% during mid-day trading on Tuesday, hitting $49.215. The company’s stock had a trading volume of 317,921 shares. The stock has a 50-day moving average of $48.03 and a 200-day moving average of $44.30. The company has a market cap of $2.63 billion, a PE ratio of 11.651 and a beta of 1.30. Hawaiian Holdings has a 12-month low of $28.40 and a 12-month high of $51.53.

Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06. The business had revenue of $594.60 million for the quarter, compared to analyst estimates of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. On average, equities research analysts forecast that Hawaiian Holdings will post $4.94 EPS for the current year.

In related news, CEO Mark B. Dunkerley sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $50.26, for a total value of $402,080.00. Following the completion of the transaction, the chief executive officer now directly owns 567,644 shares in the company, valued at $28,529,787.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $45.97, for a total value of $1,221,974.54. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in HA. Fiera Capital Corp acquired a new position in Hawaiian Holdings during the second quarter valued at approximately $33,414,000. Vanguard Group Inc. raised its position in Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock valued at $226,188,000 after buying an additional 706,642 shares during the last quarter. Renaissance Technologies LLC raised its position in Hawaiian Holdings by 37.6% in the first quarter. Renaissance Technologies LLC now owns 2,154,200 shares of the company’s stock valued at $101,657,000 after buying an additional 588,300 shares during the last quarter. Numeric Investors LLC raised its position in Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock valued at $44,154,000 after buying an additional 541,015 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Hawaiian Holdings during the second quarter valued at approximately $15,873,000. Hedge funds and other institutional investors own 88.11% of the company’s stock.

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