Hawaiian Holdings Inc. (NASDAQ:HA) CEO Mark B. Dunkerley sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $50.26, for a total transaction of $402,080.00. Following the sale, the chief executive officer now owns 567,644 shares in the company, valued at $28,529,787.44. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) traded up 0.40% during trading on Wednesday, hitting $50.83. 500,802 shares of the stock were exchanged. The stock has a market cap of $2.72 billion, a PE ratio of 12.03 and a beta of 1.30. Hawaiian Holdings Inc. has a 52-week low of $24.53 and a 52-week high of $51.53. The firm has a 50 day moving average of $47.16 and a 200-day moving average of $44.16.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The firm had revenue of $594.60 million for the quarter, compared to analysts’ expectations of $589.04 million. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. Equities research analysts anticipate that Hawaiian Holdings Inc. will post $4.94 earnings per share for the current fiscal year.
A number of analysts recently commented on HA shares. Credit Suisse Group AG started coverage on shares of Hawaiian Holdings in a research note on Friday, June 10th. They set a “neutral” rating and a $43.00 price target on the stock. Deutsche Bank AG upgraded shares of 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. Vetr upgraded shares of 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. Zacks Investment Research cut shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Finally, Cowen and Company increased their target price on shares of Hawaiian Holdings from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.60.
Several hedge funds and other institutional investors have recently bought and sold shares of HA. Princeton Alpha Management LP bought a new position in Hawaiian Holdings during the second quarter worth approximately $592,000. Emerald Acquisition Ltd. bought a new position in Hawaiian Holdings during the second quarter worth approximately $15,873,000. State Street Corp boosted its position in Hawaiian Holdings by 2.0% in the first quarter. State Street Corp now owns 1,026,827 shares of the company’s stock worth $48,458,000 after buying an additional 19,954 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Hawaiian Holdings by 72.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 18,400 shares of the company’s stock worth $868,000 after buying an additional 7,730 shares during the last quarter. Finally, UBS Group AG boosted its position in Hawaiian Holdings by 56.3% in the first quarter. UBS Group AG now owns 41,497 shares of the company’s stock worth $1,958,000 after buying an additional 14,939 shares during the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.
About Hawaiian Holdings
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.
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