The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) reached all time high today, Oct, 4 and still has $70.91 target or 40.00% above today’s $50.65 share price. This indicates more upside for the $2.78B company. This technical setup was reported by Barchart.com. If the $70.91 PT is reached, the company will be worth $1.11B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 202,188 shares traded hands. Hawaiian Holdings, Inc. (NASDAQ:HA) has risen 13.72% since March 1, 2016 and is uptrending. It has outperformed by 4.47% the S&P500.
Analysts await Hawaiian Holdings, Inc. (NASDAQ:HA) to report earnings on October, 17. They expect $1.78 earnings per share, up 37.98% or $0.49 from last year’s $1.29 per share. HA’s profit will be $97.70 million for 7.11 P/E if the $1.78 EPS becomes a reality. After $1.21 actual earnings per share reported by Hawaiian Holdings, Inc. for the previous quarter, Wall Street now forecasts 47.11% EPS growth.
Hawaiian Holdings, Inc. (NASDAQ:HA) Ratings Coverage
Out of 8 analysts covering Hawaiian Holdings (NASDAQ:HA), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $58 is the highest target while $24 is the lowest. The $49 average target is -3.26% below today’s ($50.65) stock price. Hawaiian Holdings has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Hawaiian Holdings, Inc. (NASDAQ:HA) on Monday, November 30 with “Market Perform” rating. As per Wednesday, July 29, the company rating was maintained by Cowen & Co. Deutsche Bank downgraded the stock to “Neutral” rating in Friday, April 1 report. Deutsche Bank downgraded Hawaiian Holdings, Inc. (NASDAQ:HA) rating on Tuesday, January 5. Deutsche Bank has “Hold” rating and $35.0 price target. The company was downgraded on Tuesday, October 20 by Sidoti. Deutsche Bank upgraded it to “Buy” rating and $40 target price in Wednesday, January 27 report. The firm earned “Market Perform” rating on Tuesday, October 20 by Cowen & Co. The firm has “Buy” rating given on Monday, June 27 by Deutsche Bank. The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) has “Hold” rating given on Wednesday, May 4 by Argus Research. The company was downgraded on Tuesday, November 10 by Wolfe Research.
According to Zacks Investment Research, “Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.02, from 1.09 in 2016Q1. The ratio worsened, as 31 funds sold all Hawaiian Holdings, Inc. shares owned while 88 reduced positions. 43 funds bought stakes while 84 increased positions. They now own 46.20 million shares or 16.22% less from 55.14 million shares in 2016Q1.
Kbc Group Nv accumulated 11,358 shares or 0.01% of the stock. The Illinois-based Northern Trust has invested 0.01% in Hawaiian Holdings, Inc. (NASDAQ:HA). Airain, a Guernsey-based fund reported 22,755 shares. Quantbot Tech Lp last reported 0.04% of its portfolio in the stock. Meeder Asset Inc holds 17,598 shares or 0.06% of its portfolio. Sigma Planning holds 0.03% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 6,750 shares. Ftb holds 253 shares or 0% of its portfolio. Brandywine Global Mgmt holds 34,879 shares or 0.01% of its portfolio. Ellington Gp Ltd Limited Liability Company holds 0.45% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 8,600 shares. Ameriprise Fincl has invested 0.01% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA). Gotham Asset Mgmt Ltd Co accumulated 0.32% or 704,267 shares. Parametric Limited Liability has invested 0.01% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA). State Street has 1.08M shares for 0% of their US portfolio. Great West Life Assurance Co Can holds 0% or 2,170 shares in its portfolio. Creative Planning has 0% invested in the company for 10,400 shares.
Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 18 insider sales for $13.17 million net activity. Panagiotoulias Theodoros also sold $71,166 worth of Hawaiian Holdings, Inc. (NASDAQ:HA) on Saturday, August 27. 5,000 Hawaiian Holdings, Inc. (NASDAQ:HA) shares with value of $232,959 were sold by DUNKERLEY MARK B. Hershfield Lawrence also sold $949,530 worth of Hawaiian Holdings, Inc. (NASDAQ:HA) shares. Shares for $1.22 million were sold by ANDERSON-LEHMAN RONALD. $819,175 worth of Hawaiian Holdings, Inc. (NASDAQ:HA) shares were sold by Zwern Richard N. Woerth Duane E. also sold $183,642 worth of Hawaiian Holdings, Inc. (NASDAQ:HA) shares. $1.68 million worth of Hawaiian Holdings, Inc. (NASDAQ:HA) was sold by Rose Crystal K.
More notable recent Hawaiian Holdings, Inc. (NASDAQ:HA) news were published by: Fool.com which released: “Why Hawaiian Holdings, Inc. Stock Plummeted Today” on April 22, 2016, also Finance.Yahoo.com with their article: “Hawaiian Holdings Announces 2016 Third Quarter Conference Call” published on September 29, 2016, Prnewswire.com published: “Hawaiian Holdings Announces 2016 Second Quarter Conference Call” on July 08, 2016. More interesting news about Hawaiian Holdings, Inc. (NASDAQ:HA) were released by: Fool.com and their article: “Why Hawaiian Holdings, Inc. Shares Soared 22.2% in February” published on March 08, 2016 as well as Prnewswire.com‘s news article titled: “Hawaiian Airlines Welcomes Premium Cabin, Fully Lie-Flat Seating” with publication date: May 23, 2016.
HA Company Profile
Hawaiian Holdings, Inc., incorporated on April 24, 2002, is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc. (Hawaiian), is engaged in the scheduled air transportation of passengers and cargo. The Firm offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as the Company’s Scheduled Operations. It offers non-stop service to Hawai’i from over 10 the United States gateway cities. It also provides approximately 160 daily flights between the Hawaiian Islands. The Firm operates various charter flights. The Company’s fleet consists of over 20 Boeing 717-200 aircraft for the Neighbor Island routes, and approximately eight Boeing 767-300 aircraft and over 22 Airbus A330-200 aircraft for the North America, International and charter routes. The Firm owns over three ATR42 turboprop aircraft for the Ohana by Hawaiian Neighbor Island service.
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