Hawaiian Holdings Inc. (NASDAQ:HA) CEO Mark B. Dunkerley sold 8,000 shares of Hawaiian Holdings stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $50.26, for a total value of $402,080.00. Following the sale, 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 SEC, which is accessible through this link.
Shares of Hawaiian Holdings Inc. (NASDAQ:HA) opened at 49.50 on Monday. The stock has a 50 day moving average price of $47.46 and a 200-day moving average price of $44.23. The company has a market capitalization of $2.64 billion, a PE ratio of 11.72 and a beta of 1.30. Hawaiian Holdings Inc. has a 12 month low of $27.41 and a 12 month high of $51.53.
Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $589.04 million. Analysts forecast that Hawaiian Holdings Inc. will post $4.94 EPS for the current year.
A number of hedge funds have recently bought and sold shares of HA. Fiera Capital Corp purchased a new stake in Hawaiian Holdings during the second quarter worth $33,414,000. Vanguard Group Inc. raised its stake in Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock worth $226,188,000 after buying an additional 706,642 shares during the period. Renaissance Technologies LLC raised its stake in Hawaiian Holdings by 37.6% in the first quarter. Renaissance Technologies LLC now owns 2,154,200 shares of the company’s stock worth $101,657,000 after buying an additional 588,300 shares during the period. Numeric Investors LLC raised its stake in Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock worth $44,154,000 after buying an additional 541,015 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Hawaiian Holdings during the second quarter worth $15,873,000. 88.19% of the stock is currently owned by institutional investors.
Several research firms have weighed in on HA. Credit Suisse Group AG set a $44.00 price objective on Hawaiian Holdings and gave the company a “hold” rating in a research report on Monday, September 12th. Vetr raised Hawaiian Holdings from a “buy” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Monday, June 27th. Imperial Capital began coverage on Hawaiian Holdings in a research report on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price objective on the stock. Zacks Investment Research cut Hawaiian Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 price objective (up from $41.00) on shares of Hawaiian Holdings in a research report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.67.
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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