Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have earned an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.00.
Several brokerages recently issued reports on HA. BidaskClub upgraded shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday. Imperial Capital cut their target price on shares of Hawaiian from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Monday, December 10th. They noted that the move was a valuation call. Wolfe Research lowered shares of Hawaiian from an “outperform” rating to a “market perform” rating in a research report on Friday, December 7th. Finally, ValuEngine lowered shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 6th.
A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Hawaiian in the fourth quarter worth $19,944,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hawaiian by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after buying an additional 335,590 shares in the last quarter. Matarin Capital Management LLC purchased a new position in shares of Hawaiian in the third quarter worth $8,774,000. BlackRock Inc. lifted its holdings in shares of Hawaiian by 3.0% in the third quarter. BlackRock Inc. now owns 7,301,516 shares of the transportation company’s stock worth $292,791,000 after buying an additional 214,833 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Hawaiian by 24.4% in the third quarter. Macquarie Group Ltd. now owns 670,498 shares of the transportation company’s stock worth $26,887,000 after buying an additional 131,703 shares in the last quarter. 90.20% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, January 29th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.00. The company had revenue of $697.50 million during the quarter, compared to analyst estimates of $700.19 million. Hawaiian had a net margin of 8.22% and a return on equity of 29.82%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. Analysts anticipate that Hawaiian will post 3.96 earnings per share for the current year.
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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