Hawaiian Holdings Inc. (NASDAQ:HA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
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. “
Several other analysts also recently weighed in on the company. Deutsche Bank AG lifted their target price on Hawaiian Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Credit Suisse Group AG set a $44.00 target price on Hawaiian Holdings and gave the stock a “hold” rating in a research report on Monday, September 12th. Imperial Capital began coverage on Hawaiian Holdings in a research report on Tuesday, September 6th. They set an “outperform” rating and a $58.00 target price for the company. Morgan Stanley reiterated a “sell” rating and set a $43.00 target price on shares of Hawaiian Holdings in a research report on Sunday, August 21st. Finally, Argus upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Hawaiian Holdings has an average rating of “Hold” and an average price target of $50.00.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 48.89 on Thursday. The company’s 50-day moving average is $47.95 and its 200 day moving average is $44.34. The stock has a market capitalization of $2.61 billion, a P/E ratio of 11.57 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 issued its quarterly earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. The company earned $594.60 million during the quarter, compared to the consensus estimate of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. Equities research analysts predict that Hawaiian Holdings will post $4.94 earnings per share for the current year.
In other Hawaiian Holdings news, SVP Theodoros Panagiotoulias sold 1,508 shares of Hawaiian Holdings stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $47.19, for a total value of $71,162.52. Following the transaction, the senior vice president now owns 12,332 shares in the company, valued at $581,947.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of Hawaiian Holdings stock in a transaction dated 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 corporate insiders.
A number of institutional investors have recently bought and sold shares of HA. Wellington Management Group LLP raised its position in 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 period. Affinity Wealth Management bought a new position in Hawaiian Holdings during the first quarter valued at about $389,000. UBS Group AG raised 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 valued at $1,958,000 after buying an additional 14,939 shares during the period. Lazard Asset Management LLC bought a new position in Hawaiian Holdings during the first quarter valued at about $3,092,000. Finally, State Street Corp raised 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 valued at $48,458,000 after buying an additional 19,954 shares during the period. Institutional investors own 88.19% 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.
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