Hawaiian (NASDAQ:HA) Stock Rating Upgraded by BidaskClub
HA has been the subject of several other research reports. Buckingham Research cut their target price on Hawaiian from $33.00 to $29.00 and set a neutral rating for the company in a research note on Wednesday, July 31st. Citigroup set a $30.00 target price on Hawaiian and gave the stock a hold rating in a research note on Wednesday, July 31st. Deutsche Bank set a $24.00 price target on Hawaiian and gave the company a sell rating in a report on Wednesday, July 31st. Macquarie cut Hawaiian from an outperform rating to a neutral rating and lowered their price target for the company from $35.00 to $29.00 in a report on Monday, July 29th. Finally, ValuEngine cut Hawaiian from a sell rating to a strong sell rating in a report on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $28.78.
Shares of NASDAQ HA opened at $28.06 on Friday. Hawaiian has a 52 week low of $22.84 and a 52 week high of $41.10. The business has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $26.63. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.33 billion, a P/E ratio of 5.16 and a beta of 1.79.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. Hawaiian’s payout ratio is currently 8.82%.
In other Hawaiian news, Director William S. Swelbar sold 1,203 shares of the firm’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 sale, the director now owns 19,563 shares of the company’s stock, valued at approximately $494,943.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Hawaiian by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,749,144 shares of the transportation company’s stock valued at $130,269,000 after buying an additional 47,872 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hawaiian by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after purchasing an additional 335,590 shares during the period. Principal Financial Group Inc. increased its stake in Hawaiian by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,229,698 shares of the transportation company’s stock worth $58,532,000 after purchasing an additional 207,873 shares during the period. LSV Asset Management increased its stake in Hawaiian by 1.5% in the 1st quarter. LSV Asset Management now owns 1,455,470 shares of the transportation company’s stock worth $38,206,000 after purchasing an additional 21,519 shares during the period. Finally, Royce & Associates LP increased its stake in Hawaiian by 28.2% in the 1st quarter. Royce & Associates LP now owns 1,412,678 shares of the transportation company’s stock worth $37,083,000 after purchasing an additional 310,616 shares during the period. 90.73% of the stock is currently owned by institutional investors.
Hawaiian Company Profile
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.
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