Hawaiian Holdings, Inc. (NASDAQ:HA) Given Consensus Recommendation of “Hold” by Brokerages

Hawaiian Holdings, Inc. (NASDAQ:HAGet Rating) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.20.

Several analysts have recently issued reports on the stock. Susquehanna Bancshares reduced their target price on shares of Hawaiian from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, July 12th. StockNews.com lowered shares of Hawaiian from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hawaiian from $23.00 to $17.00 in a report on Wednesday, July 27th. Susquehanna cut their price target on shares of Hawaiian from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, July 12th. Finally, Melius assumed coverage on shares of Hawaiian in a report on Monday, August 15th. They issued a “hold” rating on the stock.

Hawaiian Stock Down 2.6 %

NASDAQ:HA opened at $14.02 on Friday. The company has a market cap of $720.43 million, a PE ratio of -3.02 and a beta of 1.88. Hawaiian has a one year low of $12.76 and a one year high of $24.27. The company has a debt-to-equity ratio of 4.48, a current ratio of 1.47 and a quick ratio of 1.47. The firm’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $16.36.

Hawaiian (NASDAQ:HAGet Rating) last released its earnings results on Tuesday, July 26th. The transportation company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.04). Hawaiian had a negative net margin of 10.93% and a negative return on equity of 59.24%. The company had revenue of $691.87 million for the quarter, compared to analyst estimates of $665.08 million. On average, research analysts anticipate that Hawaiian will post -4.17 earnings per share for the current year.

Institutional Trading of Hawaiian

Several hedge funds have recently modified their holdings of HA. Vanguard Group Inc. grew its position in Hawaiian by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,423,323 shares of the transportation company’s stock valued at $106,840,000 after acquiring an additional 88,437 shares during the last quarter. U S Global Investors Inc. grew its position in Hawaiian by 3.0% in the 1st quarter. U S Global Investors Inc. now owns 5,012,194 shares of the transportation company’s stock valued at $98,740,000 after acquiring an additional 143,808 shares during the last quarter. State Street Corp grew its position in Hawaiian by 7.0% in the 1st quarter. State Street Corp now owns 2,845,245 shares of the transportation company’s stock valued at $56,051,000 after acquiring an additional 185,579 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hawaiian by 13.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,170,999 shares of the transportation company’s stock valued at $42,767,000 after acquiring an additional 259,426 shares during the last quarter. Finally, Towle & Co grew its position in Hawaiian by 18.8% in the 2nd quarter. Towle & Co now owns 1,484,830 shares of the transportation company’s stock valued at $21,248,000 after acquiring an additional 234,790 shares during the last quarter. 91.34% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Company Profile

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Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company 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; and New York City, New York.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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