Hawaiian Holdings Inc. (NASDAQ:HA) had its target price increased by Deutsche Bank AG from $50.00 to $55.00 in a report released on Wednesday morning. Deutsche Bank AG currently has a buy rating on the stock.
Several other analysts have also weighed in on the stock. Credit Suisse Group AG set a $44.00 target price on shares of Hawaiian Holdings and gave the company a hold rating in a research note on Monday, September 12th. Imperial Capital began coverage on shares of Hawaiian Holdings in a research report on Tuesday, September 6th. They set an outperform rating and a $58.00 price target for the company. Morgan Stanley restated a sell rating and set a $43.00 price target on shares of Hawaiian Holdings in a research report on Sunday, August 21st. Argus upgraded shares of Hawaiian Holdings from a hold rating to a buy rating and set a $51.00 price target for the company in a research report on Tuesday, July 26th. Finally, Bank of America Corp. restated a hold rating and set a $47.00 price target on shares of Hawaiian Holdings in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $50.00.
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 0.92% during mid-day trading on Wednesday, hitting $49.34. 32,243 shares of the company traded hands. The firm has a 50-day moving average price of $47.95 and a 200 day moving average price of $44.34. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 11.68 and a beta of 1.30. Hawaiian Holdings has a 52-week low of $28.40 and a 52-week 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 for the quarter, beating the consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The firm earned $594.60 million during the quarter, compared to analyst estimates of $589.04 million. Equities research analysts anticipate that Hawaiian Holdings will post $4.94 EPS for the current fiscal year.
In other Hawaiian Holdings news, SVP Theodoros Panagiotoulias sold 1,508 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $47.19, for a total value of $71,162.52. Following the completion of the sale, the senior vice president now directly owns 12,332 shares of the company’s stock, valued at approximately $581,947.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $248,875.00. Following the completion of the sale, the senior vice president now directly owns 23,534 shares of the company’s stock, valued at $1,064,913.50. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new stake in Hawaiian Holdings during the second quarter valued at about $129,000. Acrospire Investment Management LLC bought a new stake in Hawaiian Holdings during the first quarter valued at about $134,000. Societe Generale bought a new stake in Hawaiian Holdings during the second quarter valued at about $149,000. SG Americas Securities LLC bought a new stake in Hawaiian Holdings during the second quarter valued at about $149,000. Finally, Sei Investments Co. increased its stake in Hawaiian Holdings by 27.1% in the second quarter. Sei Investments Co. now owns 4,212 shares of the company’s stock valued at $160,000 after buying an additional 899 shares during the last quarter. 88.11% of the stock is owned by institutional investors.
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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