Hawaiian Holdings Inc. (NASDAQ:HA) had its target price upped by Deutsche Bank AG from $50.00 to $55.00 in a research note published on Wednesday morning. The firm currently has a buy rating on the stock.
A number of other brokerages have also commented on HA. Vetr raised Hawaiian Holdings from a buy rating to a strong-buy rating and set a $42.00 target price for the company in a research report on Monday, June 27th. Zacks Investment Research lowered Hawaiian Holdings from a hold rating to a sell rating in a research report on Wednesday, July 6th. Cowen and Company boosted their target price on Hawaiian Holdings from $46.00 to $48.00 and gave the company a market perform rating in a research report on Friday, July 22nd. Bank of America Corp. reaffirmed a hold rating and issued a $47.00 target price on shares of Hawaiian Holdings in a research report on Friday, July 22nd. Finally, Argus raised 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 issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $50.00.
Shares of Hawaiian Holdings (NASDAQ:HA) opened at 48.34 on Wednesday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 11.44 and a beta of 1.30. Hawaiian Holdings has a 1-year low of $28.40 and a 1-year high of $51.53. The firm has a 50-day moving average price of $48.03 and a 200 day moving average price of $44.30.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. The firm earned $594.60 million during the quarter, compared to analyst estimates of $589.04 million. On average, analysts predict that Hawaiian Holdings will post $4.94 EPS for the current fiscal year.
In related news, Director William S. Swelbar sold 16,577 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $44.59, for a total value of $739,168.43. Following 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 SEC, which is available through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the company’s stock in a transaction that occurred on 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 insiders.
Institutional investors have recently bought and sold shares of the stock. Fiera Capital Corp purchased a new position in Hawaiian Holdings during the second quarter valued at approximately $33,414,000. Vanguard Group Inc. increased its position in Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock valued at $226,188,000 after buying an additional 706,642 shares during the last quarter. Renaissance Technologies LLC increased its position in Hawaiian Holdings by 37.6% in the first quarter. Renaissance Technologies LLC now owns 2,154,200 shares of the company’s stock valued at $101,657,000 after buying an additional 588,300 shares during the last quarter. Numeric Investors LLC increased its position in Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock valued at $44,154,000 after buying an additional 541,015 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Hawaiian Holdings during the second quarter valued at approximately $15,873,000. 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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