BidaskClub Lowers Hawaiian Holdings, Inc. (HA) to Strong Sell
BidaskClub cut shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.
A number of other equities research analysts have also recently commented on HA. Bank of America Corporation decreased their price objective on Hawaiian Holdings from $47.00 to $43.00 and set an underperform rating for the company in a research note on Friday, June 30th. Morgan Stanley reaffirmed an underweight rating and set a $41.00 price objective (up from $40.00) on shares of Hawaiian Holdings in a research note on Monday, July 10th. ValuEngine cut Hawaiian Holdings from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Stifel Nicolaus raised Hawaiian Holdings from a sell rating to a hold rating and set a $40.00 price objective for the company in a research note on Tuesday, July 25th. Finally, Cowen and Company decreased their price objective on Hawaiian Holdings from $50.00 to $47.00 and set a market perform rating for the company in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $47.58.
Hawaiian Holdings (NASDAQ HA) opened at 33.45 on Friday. The company has a market cap of $1.79 billion, a PE ratio of 8.14 and a beta of 1.42. Hawaiian Holdings has a 52 week low of $32.95 and a 52 week high of $60.90. The company’s 50-day moving average price is $38.55 and its 200 day moving average price is $45.35.
Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian Holdings had a return on equity of 41.49% and a net margin of 7.67%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 earnings per share. On average, analysts anticipate that Hawaiian Holdings will post $5.56 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 16th.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $41.78, for a total value of $41,780.00. Following the completion of the transaction, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at $8,289,611.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 3,000 shares of company stock valued at $122,430. Insiders own 2.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan boosted its position in shares of Hawaiian Holdings by 100.0% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 20,000 shares of the transportation company’s stock worth $751,000 after buying an additional 10,000 shares during the period. Tillar Wenstrup Advisors LLC acquired a new position in shares of Hawaiian Holdings during the third quarter worth about $1,001,000. Crossmark Global Holdings Inc. acquired a new position in shares of Hawaiian Holdings during the third quarter worth about $496,000. First Midwest Bank Trust Division acquired a new position in shares of Hawaiian Holdings during the third quarter worth about $525,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Hawaiian Holdings by 17.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 940,000 shares of the transportation company’s stock worth $35,297,000 after buying an additional 140,000 shares during the period. 91.44% of the stock is owned by institutional investors.
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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