Hawaiian (NASDAQ:HA) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other equities analysts have also weighed in on the stock. Citigroup reduced their price target on shares of Hawaiian from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Buckingham Research upgraded shares of Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, November 16th. BidaskClub lowered shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 28th. Imperial Capital increased their price target on shares of Hawaiian from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $48.36.
Shares of Hawaiian (NASDAQ HA) opened at $37.40 on Friday. The company has a market cap of $1,962.45, a PE ratio of 6.63, a PEG ratio of 3.18 and a beta of 1.54. 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 has a 1-year low of $32.40 and a 1-year high of $59.45.
Hawaiian declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 5th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Large investors have recently modified their holdings of the business. FNY Managed Accounts LLC bought a new position in Hawaiian during the third quarter worth about $152,000. Flinton Capital Management LLC boosted its position in shares of Hawaiian by 80.9% in the second quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 2,016 shares during the period. First Hawaiian Bank bought a new position in shares of Hawaiian in the third quarter valued at approximately $224,000. Shelton Capital Management bought a new position in shares of Hawaiian in the second quarter valued at approximately $249,000. Finally, CIBC Asset Management Inc bought a new position in shares of Hawaiian in the fourth quarter valued at approximately $259,000. Hedge funds and other institutional investors own 93.45% of the company’s stock.
Hawaiian Company Profile
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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