ValuEngine Downgrades Hawaiian Holdings, Inc. (HA) to Hold

ValuEngine downgraded shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a buy rating to a hold rating in a research note issued to investors on Thursday, September 7th.

Other research analysts have also issued reports about the stock. Morgan Stanley reaffirmed an underweight rating and issued a $41.00 price target (up from $40.00) on shares of Hawaiian Holdings in a report on Monday, July 10th. Credit Suisse Group initiated coverage on shares of Hawaiian Holdings in a report on Monday, June 5th. They issued an outperform rating and a $45.00 price target for the company. Cowen and Company decreased their price target on shares of Hawaiian Holdings from $50.00 to $47.00 and set a market perform rating for the company in a report on Wednesday, July 26th. Stifel Nicolaus lowered shares of Hawaiian Holdings from a hold rating to a sell rating and decreased their price target for the company from $60.00 to $40.00 in a report on Wednesday, June 14th. Finally, Citigroup Inc. lifted their price target on shares of Hawaiian Holdings from $59.00 to $62.00 and gave the company a neutral rating in a report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $52.17.

Hawaiian Holdings (NASDAQ HA) opened at 40.25 on Thursday. Hawaiian Holdings has a 52 week low of $39.00 and a 52 week high of $60.90. The company’s 50 day moving average is $41.90 and its 200-day moving average is $47.57. The firm has a market cap of $2.16 billion, a P/E ratio of 9.79 and a beta of 1.41.

Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $675.33 million during the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. Equities analysts expect that Hawaiian Holdings will post $5.71 earnings per share for the current year.

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In other news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $41.78, for a total value of $41,780.00. Following the sale, the executive vice president now owns 198,411 shares of the company’s stock, valued at approximately $8,289,611.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter R. Ingram sold 2,500 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $48.10, for a total transaction of $120,250.00. Following the sale, the executive vice president now directly owns 199,411 shares in the company, valued at approximately $9,591,669.10. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock worth $202,030 in the last 90 days. 2.30% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Hawaiian Holdings by 7.5% in the 2nd quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after acquiring an additional 506,330 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hawaiian Holdings by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock valued at $305,306,000 after purchasing an additional 96,996 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hawaiian Holdings by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,749,163 shares of the transportation company’s stock valued at $82,122,000 after purchasing an additional 18,996 shares during the last quarter. State Street Corp raised its holdings in shares of Hawaiian Holdings by 1.7% in the second quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock valued at $64,737,000 after purchasing an additional 23,076 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Hawaiian Holdings in the second quarter valued at $37,560,000. Institutional investors and hedge funds own 90.42% of the company’s stock.

Hawaiian Holdings Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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