On Tuesday, November 22nd, Jonathan D. Snook, COO of Hawaiian Holdings, Inc. (NASDAQ: HA), sold 3,600 shares of the company’s stock. At an average price of $14.03, the stock was sold for a total of $50,508.00. As a result of the transaction, the chief operating officer now directly owns 141,589 shares of the company’s stock, valued at $1,986,493.67. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be found at this link.
Hawaiian (NASDAQ: HA) released its most recent quarterly earnings report on October 25th. For the quarter, the transportation company reported ($0.15) EPS, which was $0.04 higher than the consensus estimate of ($0.19). Revenue for the quarter was $741.15 million, compared to analyst expectations of $750.81 million. Hawaiian had a negative net margin of 10.87% and a negative return on equity of 59.65%. According to equity research analysts, Hawaiian Holdings, Inc. will earn $4.22 per share this year.
Several large institutional investors have recently shifted their position on HA. Victory Capital Management Inc. increased its stake in Hawaiian by 2,301.5% in the first quarter. Victory Capital Management Inc. now owns 1,111,876 shares of the transportation company for $21,875,000, up from 1,065,576 in the previous quarter. Millennium Management LLC increased its holdings in Hawaiian by 933.7% during the second quarter. Millennium Management LLC now owns 663,758 shares of the transportation company for a total of $9,498,000, up from 743,371 in the previous quarter. GMT Capital Corp. increased its stake in Hawaiian by 665.8% during the second quarter. GMT Capital Corp now owns 480,950 shares of the transportation company’s stock, worth $6,882,000, after purchasing 418,150 shares. Marshall Wace LLP acquired a new stake in Hawaiian worth approximately $4,215,000 during the third quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Hawaiian by 13.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,170,999 shares of the transportation company for $42,767,000 after purchasing an additional 259,426 shares in the most recent quarter. Institutional investors and hedge funds own 91.34% of the stock.
During trading on Wednesday, HA stock rose $0.14 to $13.95 per share. The stock traded at 485,458 shares per day, compared to an average volume of 948,755. The fifty-day moving average for the company is $14.20, and the 200-day moving average is $15.05. The company’s market capitalization is $717.18 million, its P/E ratio is 2.71, and its beta is 1.84. The one-year low for Hawaiian Holdings, Inc. is $12.76, and the one-year high is $21.71. The debt-to-equity ratio stands at 4.76, the current ratio at 1.48, and the quick ratio at 1.48.
Several research analysts published reports on the HA stock recently. Deutsche Bank Aktiengesellschaft reduced their price target on Hawaiian stock from $23.00 to $17.00 in a report issued on Wednesday, July 27th. Bank of America reduced their target price on Hawaiian stock from $12.00 to $10.00 in a report issued on Thursday, October 6th, and assigned the company an “underperform” rating. Cowen reduced their target price on Hawaiian stock to $19.00 in a report released on Thursday, October 27th. StockNews.com upgraded Hawaiian from a “sell” rating to a “hold” rating in a report published on Thursday, October 27th. Finally, on Monday, August 15th, Melius began covering Hawaiian shares in a report. They gave the firm a “hold” rating. Two equity research analysts advise selling the stock, while six advise holding. According to Bloomberg data, the company has an average rating of “Hold” and a price target of $15.71.
Hawaiian Airlines, Inc. operates scheduled passenger, and cargo flights as a subsidiary of Hawaiian Holdings, Inc. Daily flights connect Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose in California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; and New York City, New York.