Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $46.60.
A number of brokerages have recently weighed in on HA. ValuEngine cut Hawaiian from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Citigroup dropped their price target on Hawaiian from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, November 16th. Macquarie began coverage on Hawaiian in a research report on Monday, September 25th. They set an “outperform” rating and a $49.00 price target on the stock. Finally, BidaskClub cut Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 28th.
In other news, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in shares of Hawaiian during the third quarter worth $152,000. Riverhead Capital Management LLC raised its holdings in shares of Hawaiian by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock worth $189,000 after acquiring an additional 1,828 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of Hawaiian by 80.9% during the second quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after acquiring an additional 2,016 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Hawaiian during the third quarter worth $224,000. Finally, Cigna Investments Inc. New bought a new position in Hawaiian during the second quarter valued at about $240,000. Institutional investors own 93.86% of the company’s stock.
Hawaiian (NASDAQ HA) opened at $41.40 on Friday. The company has a market capitalization of $2,077.88, a PE ratio of 6.80, a P/E/G ratio of 3.14 and a beta of 1.51. Hawaiian has a 1-year low of $32.40 and a 1-year high of $60.90. 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 (NASDAQ:HA) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The firm had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Hawaiian’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts forecast that Hawaiian will post 5.57 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, November 16th. Hawaiian’s dividend payout ratio is presently 12.77%.
Hawaiian announced that its board has authorized a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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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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