Buckingham Research upgraded shares of Hawaiian Holdings, Inc. (NASDAQ:HA) from a neutral rating to a buy rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has $44.00 price target on the transportation company’s stock.
A number of other equities research analysts have also recently commented on the company. ValuEngine cut Hawaiian Holdings from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Cowen and Company reissued a hold rating and issued a $47.00 target price on shares of Hawaiian Holdings in a research note on Friday, September 1st. Stifel Nicolaus raised Hawaiian Holdings from a sell rating to a hold rating and set a $40.00 target price on the stock in a research note on Friday, July 28th. Deutsche Bank AG reissued a hold rating and issued a $52.00 target price (down from $64.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised Hawaiian Holdings from a sell rating to a hold rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $47.58.
Shares of Hawaiian Holdings (NASDAQ HA) traded down $1.25 during mid-day trading on Thursday, reaching $37.60. The company had a trading volume of 1,503,555 shares, compared to its average volume of 1,591,449. The stock has a market capitalization of $1,972.95, a PE ratio of 6.46, a price-to-earnings-growth ratio of 3.00 and a beta of 1.42. Hawaiian Holdings has a 12 month low of $32.40 and a 12 month high of $60.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.07. The company had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. Hawaiian Holdings had a return on equity of 41.49% and a net margin of 7.67%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.91 earnings per share. equities research analysts predict that Hawaiian Holdings will post 5.55 earnings per share for the current year.
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 issued a $0.12 dividend. The ex-dividend date is Thursday, November 16th. Hawaiian Holdings’s dividend payout ratio is 12.77%.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Hawaiian Holdings by 7.5% in the second 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 period. Vanguard Group Inc. grew its position in shares of Hawaiian Holdings by 1.5% during the second quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock worth $305,306,000 after purchasing an additional 96,996 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hawaiian Holdings by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock worth $69,371,000 after purchasing an additional 98,308 shares in the last quarter. State Street Corp grew its position in shares of Hawaiian Holdings by 1.7% during the second quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock worth $64,737,000 after purchasing an additional 23,076 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Hawaiian Holdings by 370.3% during the third quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock worth $36,864,000 after purchasing an additional 772,990 shares in 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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