Hawaiian Holdings, Inc. (HA) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a hold rating to a sell rating in a research note released on Tuesday morning.

According to Zacks, “Shares of Hawaiian Holdings have underperformed its industry on a year-to-date basis. High costs are likely to hurt Hawaiian Holdings' bottom line in the third quarter, results of which should be revealed on Oct 19. Recently, the company increased its third-quarter guidance for fuel costs per gallon. The stock has witnessed the third-quarter Zacks Consensus Estimate being revised 0.5% downward over the last 30 days. The rumor that Southwest Airlines might start flights to Hawaii from mid-2018 has hurt the Hawaiian Holdings stock.  We are, however, impressed by the carrier’s efforts to modernize its fleet.”

HA has been the subject of several other research reports. Stifel Nicolaus downgraded shares of Hawaiian Holdings from a hold rating to a sell rating and lowered their price objective for the company from $60.00 to $40.00 in a research report on Wednesday, June 14th. BidaskClub downgraded shares of Hawaiian Holdings from a buy rating to a hold rating in a research report on Friday, June 16th. Morgan Stanley reaffirmed an underweight rating and issued a $40.00 price objective (down previously from $52.00) on shares of Hawaiian Holdings in a research report on Thursday, June 22nd. ValuEngine downgraded shares of Hawaiian Holdings from a strong-buy rating to a buy rating in a research report on Thursday, June 29th. Finally, Bank of America Corporation lowered their price objective on shares of Hawaiian Holdings from $47.00 to $43.00 and set an underperform rating for the company in a research report on Friday, June 30th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Hawaiian Holdings presently has a consensus rating of Hold and a consensus price target of $48.67.

Shares of Hawaiian Holdings (NASDAQ:HA) traded down 0.185% during midday trading on Tuesday, hitting $40.425. 67,801 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $40.18 and its 200 day moving average price is $46.31. The firm has a market cap of $2.17 billion, a PE ratio of 9.833 and a beta of 1.41. Hawaiian Holdings has a one year low of $36.20 and a one year high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. During the same quarter last year, the firm posted $1.21 earnings per share. Hawaiian Holdings’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts forecast that Hawaiian Holdings will post $5.60 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Hawaiian Holdings, Inc. (HA) Downgraded to “Sell” at Zacks Investment Research” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/11/hawaiian-holdings-inc-ha-downgraded-to-sell-at-zacks-investment-research.html.

In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the executive vice president now directly owns 197,411 shares in the company, valued at $7,896,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HA. US Bancorp DE raised its stake in shares of Hawaiian Holdings by 42.4% during the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after purchasing an additional 1,012 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Hawaiian Holdings by 8.0% during the first quarter. UBS Asset Management Americas Inc. now owns 12,964 shares of the transportation company’s stock valued at $602,000 after purchasing an additional 955 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Hawaiian Holdings during the first quarter valued at about $796,000. Trexquant Investment LP bought a new stake in shares of Hawaiian Holdings during the first quarter valued at about $209,000. Finally, Mason Street Advisors LLC raised its stake in shares of Hawaiian Holdings by 7.0% during the first quarter. Mason Street Advisors LLC now owns 12,498 shares of the transportation company’s stock valued at $581,000 after purchasing an additional 823 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

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 Ha

According to Zacks, “Shares of Hawaiian Holdings have underperformed its industry on a year-to-date basis. High costs are likely to hurt Hawaiian Holdings' bottom line in the third quarter, results of which should be revealed on Oct 19. Recently, the company increased its third-quarter guidance for fuel costs per gallon. The stock has witnessed the third-quarter Zacks Consensus Estimate being revised 0.5% downward over the last 30 days. The rumor that Southwest Airlines might start flights to Hawaii from mid-2018 has hurt the Hawaiian Holdings stock.  We are, however, impressed by the carrier’s efforts to modernize its fleet.”

HA has been the subject of several other research reports. Stifel Nicolaus downgraded shares of Hawaiian Holdings from a hold rating to a sell rating and lowered their price objective for the company from $60.00 to $40.00 in a research report on Wednesday, June 14th. BidaskClub downgraded shares of Hawaiian Holdings from a buy rating to a hold rating in a research report on Friday, June 16th. Morgan Stanley reaffirmed an underweight rating and issued a $40.00 price objective (down previously from $52.00) on shares of Hawaiian Holdings in a research report on Thursday, June 22nd. ValuEngine downgraded shares of Hawaiian Holdings from a strong-buy rating to a buy rating in a research report on Thursday, June 29th. Finally, Bank of America Corporation lowered their price objective on shares of Hawaiian Holdings from $47.00 to $43.00 and set an underperform rating for the company in a research report on Friday, June 30th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Hawaiian Holdings presently has a consensus rating of Hold and a consensus price target of $48.67.

Shares of Hawaiian Holdings (NASDAQ:HA) traded down 0.185% during midday trading on Tuesday, hitting $40.425. 67,801 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $40.18 and its 200 day moving average price is $46.31. The firm has a market cap of $2.17 billion, a PE ratio of 9.833 and a beta of 1.41. Hawaiian Holdings has a one year low of $36.20 and a one year high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a net margin of 8.88% and a return on equity of 44.12%. The firm had revenue of $675.33 million for the quarter, compared to analyst estimates of $676.59 million. During the same quarter last year, the firm posted $1.21 earnings per share. Hawaiian Holdings’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts forecast that Hawaiian Holdings will post $5.60 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Hawaiian Holdings, Inc. (HA) Downgraded to “Sell” at Zacks Investment Research” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/11/hawaiian-holdings-inc-ha-downgraded-to-sell-at-zacks-investment-research.html.

In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the executive vice president now directly owns 197,411 shares in the company, valued at $7,896,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HA. US Bancorp DE raised its stake in shares of Hawaiian Holdings by 42.4% during the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after purchasing an additional 1,012 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Hawaiian Holdings by 8.0% during the first quarter. UBS Asset Management Americas Inc. now owns 12,964 shares of the transportation company’s stock valued at $602,000 after purchasing an additional 955 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Hawaiian Holdings during the first quarter valued at about $796,000. Trexquant Investment LP bought a new stake in shares of Hawaiian Holdings during the first quarter valued at about $209,000. Finally, Mason Street Advisors LLC raised its stake in shares of Hawaiian Holdings by 7.0% during the first quarter. Mason Street Advisors LLC now owns 12,498 shares of the transportation company’s stock valued at $581,000 after purchasing an additional 823 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

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.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply