Investment analysts at Macquarie assumed coverage on shares of Hawaiian Holdings, Inc. (NASDAQ:HA) in a research note issued on Monday. The firm set an “outperform” rating on the transportation company’s stock.

Several other research analysts also recently issued reports on HA. BidaskClub downgraded Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stifel Nicolaus upgraded Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research report on Friday, July 28th. Cowen and Company restated a “hold” rating and set a $47.00 price objective on shares of Hawaiian Holdings in a research report on Friday, September 1st. Citigroup Inc. lowered their target price on shares of Hawaiian Holdings from $62.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Finally, Morgan Stanley lowered their target price on shares of Hawaiian Holdings from $40.00 to $39.00 and set an “underweight” rating for the company in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $52.17.

Hawaiian Holdings (NASDAQ:HA) traded down 0.66% during midday trading on Monday, hitting $37.45. The stock had a trading volume of 814,344 shares. Hawaiian Holdings has a 12-month low of $36.70 and a 12-month high of $60.90. The firm has a market cap of $2.01 billion, a P/E ratio of 9.11 and a beta of 1.41. The stock has a 50-day moving average price of $41.70 and a 200 day moving average price of $47.38.

Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The firm had revenue of $675.33 million during the quarter, compared to the consensus estimate of $676.59 million. During the same period in the previous year, the firm posted $1.21 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Hawaiian Holdings will post $5.70 earnings per share for the current fiscal year.

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In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $41.78, for a total transaction of $41,780.00. Following the completion of the sale, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at approximately $8,289,611.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter R. Ingram sold 2,500 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $48.10, for a total transaction of $120,250.00. Following the sale, the executive vice president now directly owns 199,411 shares of the company’s stock, valued at $9,591,669.10. The disclosure for this sale can be found here. Insiders have sold a total of 4,500 shares of company stock valued at $202,030 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Hawaiian Holdings by 42.4% during the 1st quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 1,012 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Hawaiian Holdings by 67.3% during the 1st quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 1,416 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Hawaiian Holdings by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,828 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Hawaiian Holdings during the 1st quarter valued at $209,000. Finally, Flinton Capital Management LLC lifted its holdings in shares of Hawaiian Holdings by 80.9% during the 2nd 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 in the last quarter. 90.42% of the stock is owned by institutional investors.

Hawaiian Holdings 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.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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