Hawaiian Holdings, Inc. (NASDAQ:HA) EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the executive vice president now directly owns 197,411 shares in the company, valued at $7,896,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Hawaiian Holdings, Inc. (NASDAQ HA) traded down 0.63% during midday trading on Tuesday, reaching $39.60. The company had a trading volume of 2,077,867 shares. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.63 and a beta of 1.41. Hawaiian Holdings, Inc. has a 1-year low of $39.00 and a 1-year high of $60.90. The firm’s 50 day moving average price is $42.20 and its 200-day moving average price is $47.80.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The business had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. During the same period last year, the business posted $1.21 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Hawaiian Holdings, Inc. will post $5.71 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the company. Flinton Capital Management LLC increased its holdings in shares of Hawaiian Holdings by 2.3% in the 1st quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 56 shares during the period. Neuburgh Advisers LLC increased its holdings in shares of Hawaiian Holdings by 2.3% in the 1st quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 68 shares during the period. US Bancorp DE increased its holdings in shares of Hawaiian Holdings by 42.4% in the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 1,012 shares during the period. LS Investment Advisors LLC increased its holdings in shares of Hawaiian Holdings by 67.3% in the 1st quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 1,416 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in shares of Hawaiian Holdings by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,828 shares during the period. Institutional investors and hedge funds own 90.42% of the company’s stock.
Several research firms have recently issued reports on HA. Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of Hawaiian Holdings in a research note on Monday, July 10th. Credit Suisse Group began coverage on Hawaiian Holdings in a research note on Monday, June 5th. They set an “outperform” rating and a $45.00 target price on the stock. Cowen and Company reduced their target price on Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 26th. Stifel Nicolaus cut Hawaiian Holdings from a “hold” rating to a “sell” rating and reduced their target price for the company from $60.00 to $40.00 in a research note on Wednesday, June 14th. Finally, Citigroup Inc. boosted their target price on Hawaiian Holdings from $59.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.17.
About Hawaiian Holdings
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.
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