Hawaiian Holdings, Inc. (NASDAQ: HA) Director Sells $ 356,200.00 in Shares
Hawaiian Holdings, Inc. (NASDAQ: HA) Director Donald J. Carty sold 20,000 shares in a transaction dated Thursday, December 16. The stock was sold for an average price of $ 17.81, for a total value of $ 356,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
HA shares traded up $ 0.46 at midday on Friday, reaching $ 18.02. 41,181 shares of the stock traded hands, compared to its average volume of 1,055,143. The company has a fifty-day moving average price of $ 20.36 and a 200-day moving average price of 21.54 $. The company has a market cap of $ 922.86 million, a price-to-earnings ratio of -3.98 and a beta of 2.13. The company has a current ratio of 1.86, a quick ratio of 1.86, and a debt ratio of 3.12. Hawaiian Holdings, Inc. has a one-year low at $ 16.84 and a one-year high at $ 31.38.
Hawaiian (NASDAQ: HA) last released its quarterly earnings data on Tuesday, October 26. The transportation company reported ($ 0.95) earnings per share (EPS) for the quarter, beating analyst consensus estimates ($ 1.29) by $ 0.34. The company posted revenue of $ 180.41 million in the quarter, compared to a consensus estimate of $ 488.82 million. Hawaiian had a negative net margin of 17.16% and a negative return on equity of 79.33%. The company’s turnover increased 137.4% compared to the same quarter last year. During the same period of the previous year, the company posted ($ 3.76) EPS. On average, sell-side analysts expect Hawaiian Holdings, Inc. to post EPS of -8.18 for the current year.
A number of analysts have weighed on the company. Zacks Investment Research downgraded Hawaiian from a “sell” rating to a “conservation” rating and set a price target of $ 20.00 for the company in a report released Monday. Wolfe Research downgraded Hawaiian from an “outperformance” rating to a “peer performance” rating in a report released on Wednesday, October 6. They noted that the move was an appraisal call. Three research analysts rated the stock with a sell rating, five assigned a conservation rating, and one assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $ 23.13.
A number of institutional investors have recently bought and sold shares in the company. US Global Investors Inc. increased its stake in Hawaiian stocks by 27.1% during the third quarter. US Global Investors Inc. now owns 5,338,054 shares of the transportation company valued at $ 115,622,000 after acquiring an additional 1,139,656 shares during the last quarter. Vanguard Group Inc. increased its stake in Hawaiian shares by 8.3% during the second quarter. Vanguard Group Inc. now owns 5,068,442 shares of the transportation company valued at $ 123,518,000 after acquiring an additional 388,267 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Hawaiian shares by 15.6% during the second quarter. Lord Abbett & CO. LLC now owns 3,431,729 shares of the transportation company valued at $ 83,631,000 after acquiring an additional 463,859 shares during the last quarter. Towle & Co. purchased a new position in Hawaiian shares during the third quarter valued at approximately $ 29,234,000. Finally, Geode Capital Management LLC increased its stake in Hawaiian shares by 1.9% during the third quarter. Geode Capital Management LLC now owns 875,774 shares of the transportation company valued at $ 18,969,000 after acquiring an additional 15,996 shares during the last quarter. 89.36% of the shares are held by institutional investors and hedge funds.
Hawaiian Company Profile
Hawaiian Holdings, Inc. is a holding company that provides air transportation services. It offers freight and passenger flights between the Hawaiian Islands and its neighboring island routes through its subsidiary, Hawaiian Airlines, Inc. The company was founded on January 30, 1929 and is headquartered in Honolulu, HI.
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