In yesterday’s Wall Street session, Hawaiian Holdings Inc. (NASDAQ:HA) shares traded at $5.22, down -6.95% from the previous session.
As of this writing, 8 analysts cover Hawaiian Holdings Inc. (NASDAQ:HA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $5.00, we find $8.00. Given the previous closing price of $5.61, this indicates a potential upside of 42.6 percent. HA stock price is now -39.57% away from the 50-day moving average and -45.40% away from the 200-day moving average. The market capitalization of the company currently stands at $269.51M.
There are 6 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $8.08 as their price target over the next twelve months.
In other news, Alter Aaron J, Exec VP & Chief Legal Officer sold 3,000 shares of the company’s stock on Jul 28. The stock was sold for $32,694 at an average price of $10.90. Upon completion of the transaction, the Exec VP & Chief Legal Officer now directly owns 117,698 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28, Exec VP & Chief Legal Officer Alter Aaron J sold 3,000 shares of the business’s stock. A total of $24,582 was realized by selling the stock at an average price of $8.19. This leaves the insider owning 120,698 shares of the company worth $0.63 million. Insiders disposed of 93,544 shares of company stock worth roughly $0.49 million over the past 1 year. A total of 4.21% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HA stock. A new stake in Hawaiian Holdings Inc. shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $1,213,000. HRT FINANCIAL LP invested $782,000 in shares of HA during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Hawaiian Holdings Inc. valued at approximately $474,000. ACADIAN ASSET MANAGEMENT LLC acquired a new stake in HA for approximately $473,000. PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO purchased a new stake in HA valued at around $324,000 in the second quarter. In total, there are 243 active investors with 92.32% ownership of the company’s stock.
Thursday morning saw Hawaiian Holdings Inc. (NASDAQ: HA) opened at $5.53. During the past 12 months, Hawaiian Holdings Inc. has had a low of $5.32 and a high of $16.15. As of last week, the company has a debt-to-equity ratio of 9.28, a current ratio of 1.19, and a quick ratio of 1.16. The fifty day moving average price for HA is $8.51 and a two-hundred day moving average price translates $9.53 for the stock.
The latest earnings results from Hawaiian Holdings Inc. (NASDAQ: HA) was released for Jun, 2023. According to the Airlines Company, earnings per share came in at -$0.47, beating analysts’ expectations of -$0.61 by 0.14. This compares to -$0.92 EPS in the same period last year. The net profit margin was -6.09% and return on equity was -57.35% for HA. The company reported revenue of $706.93 million for the quarter, compared to $691.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.18 percent. For the current quarter, analysts expect HA to generate $738.23M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/28/2020. Investors who held shares on 02/14/2020 were paid a $0.12 dividend.
Hawaiian Holdings Inc.(HA) Company Profile
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. It provides 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; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts. The company also offers provides daily service on its Neighbor Island routes among the four major islands of the State of Hawai’i. In addition, it offers scheduled service on its international routes between the State of Hawai’i and Tokyo (Narita), Japan, Osaka, Japan; Sydney, Australia; Auckland, New Zealand; Pago Pago, American Samoa; Papeete, Tahiti; and Seoul, South Korea, as well as operates various ad hoc charters. The company distributes its tickets through various distribution channels, including its website hawaiianairlines.com primarily for North America and Neighbor Island routes, as well as through travel agencies and wholesale distributors for its international routes. As of December 31, 2022, its fleet consisted of 19 Boeing 717-200 aircraft for the Neighbor Island routes; 24 Airbus A330-200 aircraft; and 18 Airbus A321neo for the North America and international routes. The company was incorporated in 1929 and is headquartered in Honolulu, Hawaii.
