Hawaiian Holdings, Inc. (NASDAQ:HA) had its price objective lifted by Imperial Capital from $72.00 to $74.00 in a research report released on Monday, MarketBeat.com reports. The brokerage currently has an outperform rating on the transportation company’s stock.
A number of other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Hawaiian Holdings from a buy rating to a hold rating in a research report on Thursday, September 7th. Citigroup Inc. dropped their price target on shares of Hawaiian Holdings from $50.00 to $45.00 and set a neutral rating on the stock in a research note on Friday, October 20th. Macquarie assumed coverage on shares of Hawaiian Holdings in a research note on Monday, September 25th. They set an outperform rating and a $49.00 price target on the stock. BidaskClub cut shares of Hawaiian Holdings from a sell rating to a strong sell rating in a research note on Saturday, October 28th. Finally, Stifel Nicolaus upgraded shares of Hawaiian Holdings from a sell rating to a hold rating and set a $40.00 price target on the stock in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $47.58.
Hawaiian Holdings (NASDAQ:HA) traded up $1.65 during trading on Monday, hitting $38.85. 1,525,300 shares of the stock were exchanged, compared to its average volume of 1,032,767. Hawaiian Holdings has a 1 year low of $32.40 and a 1 year high of $60.90. The company has a market cap of $1,951.95, a P/E ratio of 6.39, a P/E/G ratio of 2.97 and a beta of 1.42. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53.
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, beating the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The firm had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same period in the prior year, the firm earned $1.91 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. research analysts expect that Hawaiian Holdings will post 5.54 earnings per share for the current fiscal year.
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The company 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 stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.
Several large investors have recently modified their holdings of HA. State of New Jersey Common Pension Fund D bought a new position in shares of Hawaiian Holdings in the 2nd quarter worth $37,560,000. Prudential Financial Inc. increased its holdings in shares of Hawaiian Holdings by 370.3% in the 3rd quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock worth $36,864,000 after buying an additional 772,990 shares during the last quarter. BlackRock Inc. increased its holdings 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 worth $340,268,000 after buying an additional 506,330 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Hawaiian Holdings in the 3rd quarter worth $15,463,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Hawaiian Holdings by 219.2% in the 3rd quarter. Wells Fargo & Company MN now owns 561,166 shares of the transportation company’s stock worth $21,072,000 after buying an additional 385,337 shares during the last quarter. 92.63% of the stock is currently owned by hedge funds and other 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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