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StockNews.com upgrades Hawaiian (NASDAQ:HA) to “Hold”

Hawaiian (NASDAQ: HA – Get Rated) was upgraded by stock researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Cowen lowered his price target on Hawaiian from $19.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, February 1. Two equity research analysts gave the shares a sell rating and five issued a hold rating for the company’s shares. Based on data from MarketBeat.com, the stock has an average “Hold” rating and a consensus price target of $14.00.

Hawaiian Price Performance

HA opened at $8.01 on Thursday. The firm has a debt to equity ratio of 7.01, a quick ratio of 1.26, and a current ratio of 1.26. The stock has a market capitalization of $412.92 million, a P/E ratio of -2.11, and a beta of 1.92. The company’s 50-day simple moving average is $8.22 and its two-hundred-day simple moving average is $10.39. Hawaiian has a 52-week minimum of $7.34 and a 52-week maximum of $18.25.

Hawaiian (NASDAQ:HA – Get Rating) last released its earnings results on Tuesday, April 25. The transportation company reported ($2.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.28) by $0.11. Hawaiian had a negative net margin of 7.00% and a negative return on equity of 59.32%. The company had revenue of $612.60 million during the quarter, compared with analyst estimates of $605.15 million. During the same period last year, the company posted EPS ($2.54). The company’s quarterly revenue increased 28.4% compared to the same quarter last year. As a group, analysts predict Hawaiian to post -3.4 EPS for the current year.

Hawaiian Institutional Trading

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Hawaiian by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 207,511 shares of the transportation company valued at $1,902,000 after purchasing an additional 6,374 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Hawaiian stock by 157.5% during the first quarter. Thrivent Financial for Lutherans now owns 135,805 shares of the transportation company worth $1,244,000 after purchasing an additional 83,070 shares during the period. Third Avenue Management LLC increased its stake in Hawaiian by 141.0% during the first quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company worth $14,254,000 after purchasing an additional 910,431 shares during the last quarter. Geode Capital Management LLC increased its stake in Hawaiian by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,004,261 shares of the transportation company valued at $9,199,000 after purchasing an additional 62,227 shares in the last quarter. Finally, Graham Capital Management LP increased its stake in Hawaiian by 56.0% in the first quarter. Graham Capital Management LP now owns 97,000 shares of the transportation company valued at $889,000 after purchasing an additional 34,810 shares in the last quarter. Institutional investors own 79.09% of the company’s shares.

About Hawaiian

(Get rating)

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 neighboring island routes. It operates through the National and Pacific geographic segments. The company was founded in January 1929 and is headquartered in Honolulu, HI.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

This instant news alert was generated by MarketBeat’s financial data and storytelling science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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