Hawaiian Holdings, Inc. (NASDAQ:HA – Get Rating) VP Aaron J. Alter sold 3,000 shares of Hawaiian stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $11.57, for a total transaction of $34,710.00. Following the completion of the transaction, the vice president now directly owns 83,189 shares in the company, valued at approximately $962,496.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Hawaiian Price Performance
Shares of HA stock traded down $0.38 during trading hours on Friday, hitting $11.08. The company's stock had a trading volume of 1,737,931 shares, compared to its average volume of 1,274,605. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 4.76. The stock has a market cap of $569.62 million, a price-to-earnings ratio of -2.68 and a beta of 1.90. Hawaiian Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $21.71. The business has a fifty day moving average of $12.04 and a 200-day moving average of $13.87.
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Hawaiian (NASDAQ:HA – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.71) by $0.22. Hawaiian had a negative return on equity of 55.10% and a negative net margin of 8.29%. The business had revenue of $731.00 million during the quarter, compared to analyst estimates of $733.06 million. During the same period in the prior year, the company posted ($1.37) EPS. The business's revenue for the quarter was up 47.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Hawaiian Holdings, Inc. will post 0.03 EPS for the current year.
Institutional Trading of Hawaiian
A number of large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in Hawaiian by 88.3% during the second quarter. BNP Paribas Arbitrage SA now owns 90,742 shares of the transportation company's stock worth $1,299,000 after buying an additional 42,552 shares during the last quarter. Versor Investments LP boosted its holdings in Hawaiian by 80.0% during the 2nd quarter. Versor Investments LP now owns 35,731 shares of the transportation company's stock worth $511,000 after acquiring an additional 15,880 shares during the last quarter. GMT Capital Corp increased its stake in shares of Hawaiian by 665.8% during the 2nd quarter. GMT Capital Corp now owns 480,950 shares of the transportation company's stock worth $6,882,000 after purchasing an additional 418,150 shares during the last quarter. KBC Group NV purchased a new stake in shares of Hawaiian in the second quarter worth $64,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Hawaiian in the 3rd quarter worth approximately $323,000. 79.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
HA has been the subject of a number of research reports. Bank of America lowered their price target on shares of Hawaiian from $12.00 to $10.00 and set an "underperform" rating for the company in a report on Thursday, October 6th. StockNews.com upgraded Hawaiian from a "sell" rating to a "hold" rating in a research report on Thursday, October 27th. Cowen reduced their price target on shares of Hawaiian to $19.00 in a report on Thursday, October 27th. The Goldman Sachs Group initiated coverage on Hawaiian in a report on Friday, December 16th. They set a "sell" rating and a $8.00 price objective for the company. Finally, Cowen lowered their target price on shares of Hawaiian from $19.00 to $16.00 and set a "market perform" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Hawaiian presently has a consensus rating of "Hold" and a consensus price target of $14.00.
Hawaiian Company Profile
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Hawaiian Holdings, Inc is a holding company engaged in the provision of air transportation services. It offers cargo handling and passenger flights between the Hawaiian Islands and its neighbor island routes. The company was founded on January 30, 1929 and is headquartered in Honolulu, HI.
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