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. “
A number of other brokerages have also recently commented on HA. Vetr raised shares of Hawaiian Holdings from a buy rating to a strong-buy rating and set a $42.00 target price for the company in a report on Monday, June 27th. Credit Suisse Group AG set a $44.00 price objective on shares of Hawaiian Holdings and gave the stock a hold rating in a research note on Monday, September 12th. Deutsche Bank AG reissued a buy rating and issued a $47.00 price objective (up from $41.00) on shares of Hawaiian Holdings in a research note on Friday, July 8th. Bank of America Corp. reissued a hold rating and issued a $47.00 price objective on shares of Hawaiian Holdings in a research note on Friday, July 22nd. Finally, Cowen and Company increased their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Hawaiian Holdings presently has an average rating of Hold and a consensus price target of $50.00.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 49.10 on Thursday. Hawaiian Holdings has a 12-month low of $28.40 and a 12-month high of $51.53. The stock’s 50 day moving average is $48.13 and its 200-day moving average is $44.32. The company has a market capitalization of $2.62 billion, a P/E ratio of 11.62 and a beta of 1.30.
Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Tuesday, October 18th. The company reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.12. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The business earned $671.83 million during the quarter, compared to analysts’ expectations of $669.22 million. During the same period in the prior year, the company earned $1.29 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Hawaiian Holdings will post $4.94 earnings per share for the current year.
In other Hawaiian Holdings news, Director William S. Swelbar sold 16,577 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $44.59, for a total transaction of $739,168.43. Following the completion of the transaction, the director now owns 12,675 shares in the company, valued at $565,178.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Barbara Falvey sold 5,500 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $45.25, for a total transaction of $248,875.00. Following the transaction, the senior vice president now owns 23,534 shares of the company’s stock, valued at approximately $1,064,913.50. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new stake in Hawaiian Holdings during the first quarter valued at about $134,000. Advisor Group Inc. purchased a new stake in Hawaiian Holdings during the second quarter valued at about $129,000. BlackRock Inc. raised its stake in Hawaiian Holdings by 133.6% in the first quarter. BlackRock Inc. now owns 3,467 shares of the company’s stock valued at $164,000 after buying an additional 1,983 shares during the period. Royal Bank of Canada raised its stake in Hawaiian Holdings by 55.5% in the first quarter. Royal Bank of Canada now owns 3,670 shares of the company’s stock valued at $173,000 after buying an additional 1,310 shares during the period. Finally, Societe Generale purchased a new stake in Hawaiian Holdings during the second quarter valued at about $149,000. Institutional investors and hedge funds own 88.11% 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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