Hawaiian Holdings, Inc. (NASDAQ:HA)’s stock price was up 5.2% during trading on Monday . The company traded as high as $25.51 and last traded at $25.47, approximately 758,458 shares were traded during mid-day trading. An increase of 0% from the average daily volume of 754,714 shares. The stock had previously closed at $24.21.
Several brokerages have recently weighed in on HA. Buckingham Research decreased their target price on shares of Hawaiian from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. BidaskClub downgraded Hawaiian from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Cowen reissued a “market perform” rating and issued a $29.00 target price (down previously from $31.00) on shares of Hawaiian in a report on Wednesday, July 31st. ValuEngine cut Hawaiian from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank set a $24.00 price target on Hawaiian and gave the stock a “sell” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.78.
The stock has a 50 day moving average of $25.24 and a two-hundred day moving average of $26.69. The stock has a market capitalization of $1.29 billion, a PE ratio of 5.16 and a beta of 1.79. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.64.
Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.19. The firm had revenue of $712.19 million during the quarter, compared to analysts’ expectations of $704.74 million. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. Hawaiian’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. As a group, research analysts predict that Hawaiian Holdings, Inc. will post 3.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. Hawaiian’s payout ratio is 8.82%.
In other news, Director William S. Swelbar sold 1,203 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $25.30, for a total transaction of $30,435.90. Following the sale, the director now owns 19,563 shares of the company’s stock, valued at approximately $494,943.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of HA. Rhumbline Advisers increased its position in Hawaiian by 0.3% during the first quarter. Rhumbline Advisers now owns 147,274 shares of the transportation company’s stock worth $3,866,000 after buying an additional 406 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its stake in shares of Hawaiian by 4.0% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 12,226 shares of the transportation company’s stock valued at $321,000 after purchasing an additional 475 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Hawaiian by 5.7% in the 2nd quarter. Janus Henderson Group PLC now owns 9,272 shares of the transportation company’s stock valued at $254,000 after purchasing an additional 497 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Hawaiian by 1.7% during the 1st quarter. Texas Permanent School Fund now owns 32,878 shares of the transportation company’s stock worth $863,000 after purchasing an additional 549 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Hawaiian by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 104,979 shares of the transportation company’s stock worth $2,881,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.
About Hawaiian (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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