Hawaiian Holdings, Inc. (NASDAQ:HA) shares hit a new 52-week low on Thursday . The stock traded as low as $23.93 and last traded at $24.16, with a volume of 25759 shares traded. The stock had previously closed at $24.73.
Several equities research analysts have recently weighed in on HA shares. BidaskClub cut shares of Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Stifel Nicolaus set a $30.00 price target on shares of Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Buckingham Research lowered their price target on shares of Hawaiian from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank set a $24.00 price target on shares of Hawaiian and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Finally, Macquarie cut shares of Hawaiian from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $29.00 in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Hawaiian has a consensus rating of “Hold” and an average target price of $29.89.
The stock’s 50-day moving average is $26.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $1.16 billion, a P/E ratio of 4.44 and a beta of 1.80.
Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.19. Hawaiian had a net margin of 7.76% and a return on equity of 24.26%. The company had revenue of $712.19 million during the quarter, compared to analysts’ expectations of $704.74 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. Hawaiian’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that Hawaiian Holdings, Inc. will post 3.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.99%. Hawaiian’s payout ratio is 8.82%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Hawaiian by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock valued at $82,849,000 after buying an additional 335,590 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Hawaiian by 19.4% during the 4th quarter. Bank of America Corp DE now owns 220,819 shares of the transportation company’s stock valued at $5,832,000 after buying an additional 35,863 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Hawaiian by 31.4% during the 4th quarter. Millennium Management LLC now owns 24,415 shares of the transportation company’s stock valued at $645,000 after buying an additional 5,828 shares in the last quarter. Norges Bank purchased a new stake in Hawaiian in the 4th quarter worth $19,944,000. Finally, Geode Capital Management LLC lifted its stake in Hawaiian by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 555,616 shares of the transportation company’s stock worth $14,673,000 after purchasing an additional 23,805 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.
Hawaiian Company Profile (NASDAQ:HA)
Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.
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