Stifel Nicolaus lowered shares of Hawaiian (NASDAQ:HA) from a buy rating to a sell rating in a research note released on Tuesday, BenzingaRatingsTable reports. Stifel Nicolaus currently has $20.00 price objective on the transportation company’s stock, down from their prior price objective of $30.00.

Other equities analysts have also issued research reports about the company. Macquarie lowered Hawaiian from an outperform rating to a neutral rating and decreased their price target for the company from $35.00 to $29.00 in a research note on Monday, July 29th. BidaskClub lowered Hawaiian from a buy rating to a hold rating in a research note on Tuesday, July 30th. Citigroup set a $30.00 price target on Hawaiian and gave the company a hold rating in a research note on Wednesday, July 31st. Buckingham Research decreased their price target on Hawaiian from $33.00 to $29.00 and set a neutral rating on the stock in a research note on Wednesday, July 31st. Finally, Deutsche Bank set a $24.00 price target on Hawaiian and gave the company a sell rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Hawaiian presently has a consensus rating of Hold and a consensus price target of $28.78.

Shares of NASDAQ HA opened at $24.20 on Tuesday. The stock has a market capitalization of $1.20 billion, a PE ratio of 4.45 and a beta of 1.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average price of $26.58 and a two-hundred day moving average price of $27.36. Hawaiian has a fifty-two week low of $22.84 and a fifty-two week high of $42.50.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.19. The firm had revenue of $712.19 million during the quarter, compared to analysts’ expectations of $704.74 million. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. On average, equities analysts expect that Hawaiian will post 3.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, August 15th. Hawaiian’s dividend payout ratio is 8.82%.

In other news, Director William S. Swelbar sold 1,203 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $25.30, for a total value of $30,435.90. Following the transaction, the director now directly owns 19,563 shares of the company’s stock, valued at approximately $494,943.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of HA. Needham Investment Management LLC grew its stake in shares of Hawaiian by 9.2% in the second quarter. Needham Investment Management LLC now owns 177,200 shares of the transportation company’s stock worth $4,861,000 after purchasing an additional 15,000 shares during the last quarter. Royal Bank of Canada raised its holdings in Hawaiian by 38.6% in the 2nd quarter. Royal Bank of Canada now owns 11,779 shares of the transportation company’s stock worth $322,000 after acquiring an additional 3,283 shares during the last quarter. United Services Automobile Association grew its position in Hawaiian by 11.4% in the 2nd quarter. United Services Automobile Association now owns 14,920 shares of the transportation company’s stock worth $409,000 after purchasing an additional 1,530 shares during the period. Prestige Wealth Management Group LLC bought a new stake in Hawaiian in the 2nd quarter worth approximately $431,000. Finally, Voloridge Investment Management LLC grew its position in Hawaiian by 397.2% in the 2nd quarter. Voloridge Investment Management LLC now owns 43,502 shares of the transportation company’s stock worth $1,193,000 after purchasing an additional 34,752 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

See Also: Return on Equity (ROE)

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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