Several other equities research analysts also recently issued reports on the company. Deutsche Bank downgraded Hawaiian from a hold rating to a sell rating and dropped their price objective for the stock from $33.00 to $27.00 in a report on Monday, March 4th. ValuEngine upgraded Hawaiian from a strong sell rating to a sell rating in a report on Tuesday, February 19th. Imperial Capital lowered their price target on Hawaiian from $40.00 to $36.00 and set an outperform rating for the company in a report on Thursday, March 28th. Buckingham Research lowered their price objective on Hawaiian from $33.00 to $28.00 and set a neutral rating for the company in a research note on Friday, March 8th. Finally, Macquarie set a $35.00 price objective on Hawaiian and gave the stock a buy rating in a research note on Tuesday, January 29th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $34.60.
Hawaiian stock traded down $0.16 during midday trading on Friday, hitting $30.46. 693,045 shares of the company were exchanged, compared to its average volume of 754,134. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.70 and a current ratio of 0.70. Hawaiian has a fifty-two week low of $24.24 and a fifty-two week high of $44.25. The firm has a market capitalization of $1.47 billion, a PE ratio of 5.60 and a beta of 1.80.
Institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund raised its position in Hawaiian by 1.3% during the fourth quarter. Texas Permanent School Fund now owns 32,329 shares of the transportation company’s stock valued at $854,000 after buying an additional 404 shares during the period. State Board of Administration of Florida Retirement System increased its position in Hawaiian by 1.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 33,844 shares of the transportation company’s stock worth $894,000 after purchasing an additional 597 shares during the last quarter. Bell Rock Capital LLC boosted its stake in shares of Hawaiian by 26.3% during the 4th quarter. Bell Rock Capital LLC now owns 3,824 shares of the transportation company’s stock worth $101,000 after acquiring an additional 797 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Hawaiian by 1.2% during the 3rd quarter. Teachers Advisors LLC now owns 98,264 shares of the transportation company’s stock worth $3,940,000 after acquiring an additional 1,204 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in shares of Hawaiian by 51.8% during the 1st quarter. First Hawaiian Bank now owns 3,810 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.
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.
Recommended Story: What are gap-down stocks?
Receive News & Ratings for Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.