A number of other brokerages also recently commented on HA. Morgan Stanley reiterated an underweight rating and set a $40.00 target price (down previously from $41.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Deutsche Bank AG reiterated a hold rating and set a $52.00 target price (down previously from $64.00) on shares of Hawaiian Holdings in a research note on Wednesday, July 26th. Cowen Inc lowered their target price on shares of Hawaiian Holdings from $50.00 to $47.00 and set a market perform rating for the company in a research note on Wednesday, July 26th. Imperial Capital reiterated an outperform rating and set a $74.00 target price on shares of Hawaiian Holdings in a research note on Thursday, July 27th. Finally, Citigroup Inc. lowered their target price on shares of Hawaiian Holdings from $62.00 to $50.00 and set a neutral rating for the company in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Hawaiian Holdings has an average rating of Hold and an average target price of $47.58.
Hawaiian Holdings (NASDAQ:HA) traded up $0.35 during trading on Thursday, hitting $38.60. The stock had a trading volume of 756,100 shares, compared to its average volume of 1,032,300. Hawaiian Holdings 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. The stock has a market capitalization of $2,025.41, a price-to-earnings ratio of 6.63, a P/E/G ratio of 3.08 and a beta of 1.42.
Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. equities research analysts expect that Hawaiian Holdings will post 5.55 EPS for the current year.
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The business also recently disclosed 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. Hawaiian Holdings’s dividend payout ratio is presently 12.77%.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Hawaiian Holdings by 7.5% during the second quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock worth $340,268,000 after purchasing an additional 506,330 shares in the last quarter. Vanguard Group Inc. raised its holdings in 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 raised its holdings in 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 raised its holdings in 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. raised its holdings in 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. 92.97% of the stock is owned by institutional investors and hedge funds.
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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