Hawaiian (NASDAQ:HA) Trading 5.2% Higher

Hawaiian Holdings, Inc. (NASDAQ:HA)’s stock price traded up 5.2% during mid-day trading on Monday . The company traded as high as $25.51 and last traded at $25.47, 758,458 shares were traded during trading. An increase of 0% from the average session volume of 754,714 shares. The stock had previously closed at $24.21.

HA has been the topic of several research analyst reports. Stifel Nicolaus lowered Hawaiian from a “buy” rating to a “sell” rating and cut their price target for the stock from $30.00 to $20.00 in a research report on Tuesday, August 20th. Buckingham Research decreased their price objective on Hawaiian from $33.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. BidaskClub downgraded Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Cowen restated a “market perform” rating and set a $29.00 target price (down from $31.00) on shares of Hawaiian in a research report on Wednesday, July 31st. Finally, ValuEngine cut shares of Hawaiian from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Hawaiian has an average rating of “Hold” and an average target price of $28.78.

The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 5.16 and a beta of 1.79. The company has a 50-day moving average of $25.24 and a 200-day moving average of $26.69. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.64.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.19. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The firm had revenue of $712.19 million during the quarter, compared to the consensus estimate of $704.74 million. During the same period in the prior year, the business earned $1.44 EPS. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that Hawaiian Holdings, Inc. will post 3.99 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 15th. Hawaiian’s payout ratio is currently 8.82%.

In other news, Director William S. Swelbar sold 1,203 shares of the company’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 completion of the sale, the director now owns 19,563 shares in the company, valued at $494,943.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new position in shares of Hawaiian during the second quarter worth about $65,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Hawaiian in the 1st quarter valued at approximately $81,000. Winslow Asset Management Inc. purchased a new stake in Hawaiian in the 2nd quarter valued at approximately $205,000. Everence Capital Management Inc. acquired a new position in Hawaiian during the 1st quarter worth approximately $216,000. Finally, Janus Henderson Group PLC increased its position in Hawaiian by 6.2% during the 1st quarter. Janus Henderson Group PLC now owns 8,775 shares of the transportation company’s stock worth $230,000 after purchasing an additional 509 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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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