Hawaiian Stake, Inc. (HA) Received $50.71 Average Target Price from Analysts

Hawaiian Stake, Inc. (HA) Received $50.71 Average Target Price from Analysts

Hawaiian Holdings, Inc. (NASDAQ:HA) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $50.71.

HA has been the topic of a number of recent research reports. Zacks Investment Research raised Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, March 28th. Deutsche Bank AG boosted their price objective on Hawaiian Holdings from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, December 6th. Sidoti boosted their price objective on Hawaiian Holdings from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, January 20th. They noted that the move was a valuation call. Imperial Capital lowered their price objective on Hawaiian Holdings from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Finally, Cowen and Company boosted their price objective on Hawaiian Holdings from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 6th.

Hawaiian Holdings (NASDAQ:HA) opened at 46.45 on Thursday. Hawaiian Holdings has a 52 week low of $34.69 and a 52 week high of $60.90. The stock’s 50 day moving average price is $49.04 and its 200 day moving average price is $50.72. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 10.65 and a beta of 1.12.

Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.28. The company had revenue of $632.97 million for the quarter, compared to analyst estimates of $625.47 million. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, analysts forecast that Hawaiian Holdings will post $4.74 earnings per share for the current year.

In other news, EVP Peter R. Ingram sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $56.89, for a total value of $284,450.00. Following the transaction, the executive vice president now owns 215,020 shares of the company’s stock, valued at approximately $12,232,487.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark B. Dunkerley sold 30,000 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $56.05, for a total value of $1,681,500.00. Following the completion of the transaction, the insider now directly owns 481,828 shares in the company, valued at approximately $27,006,459.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,500 shares of company stock worth $3,413,170. Corporate insiders own 3.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Hawaiian Holdings by 15.6% in the third quarter. BlackRock Fund Advisors now owns 3,621,734 shares of the company’s stock valued at $176,016,000 after buying an additional 489,803 shares during the period. Renaissance Technologies LLC raised its position in shares of Hawaiian Holdings by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,494,100 shares of the company’s stock valued at $142,164,000 after buying an additional 183,700 shares during the period. State Street Corp raised its position in shares of Hawaiian Holdings by 9.8% in the fourth quarter. State Street Corp now owns 1,300,823 shares of the company’s stock valued at $74,149,000 after buying an additional 115,637 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Hawaiian Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,272,377 shares of the company’s stock valued at $61,838,000 after buying an additional 46,278 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of Hawaiian Holdings by 12.3% in the third quarter. Panagora Asset Management Inc. now owns 1,087,954 shares of the company’s stock valued at $52,875,000 after buying an additional 118,792 shares during the period. 88.80% of the stock is currently 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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