The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) hit a new 52-week high and has $81.25 target or 60.00% above today’s $50.78 share price. The 7 months bullish chart indicates low risk for the $2.79 billion company. The 1-year high was reported on Oct, 4 by Barchart.com. If the $81.25 price target is reached, the company will be worth $1.67B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 128,553 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 EPS, up 37.98% or $0.49 from last year’s $1.29 per share. HA’s profit will be $97.80 million for 7.13 P/E if the $1.78 EPS becomes a reality. After $1.21 actual EPS 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 -3.51% below today’s ($50.78) stock price. Hawaiian Holdings has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Sidoti given on Tuesday, October 20. The company was initiated on Wednesday, May 4 by Argus Research. The firm has “Neutral” rating given on Friday, June 10 by Credit Suisse. On Wednesday, January 27 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was maintained by Cowen & Co on Friday, July 22 with “Market Perform”. On Friday, July 8 the stock rating was maintained by Deutsche Bank with “Buy”. As per Tuesday, July 26, the company rating was upgraded by Argus Research. Cowen & Co maintained the stock with “Market Perform” rating in Tuesday, October 20 report. As per Thursday, January 7, the company rating was upgraded by Wolfe Research. Deutsche Bank upgraded the shares of HA in a report on Monday, June 27 to “Buy” rating.
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 is negative, 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.
Analytic Invsts Ltd Liability Co has 43,154 shares for 0.02% of their US portfolio. State Board Of Administration Of Florida Retirement Sys reported 51,366 shares or 0.01% of all its holdings. Moreover, Wellington Mngmt Gp Llp has 0% invested in Hawaiian Holdings, Inc. (NASDAQ:HA) for 174,566 shares. Ameriprise Inc has 0.01% invested in the company for 517,407 shares. Moreover, Cetera Ltd Company has 0.05% invested in Hawaiian Holdings, Inc. (NASDAQ:HA) for 15,407 shares. Moreover, Mcf Ltd Liability Com has 0% invested in Hawaiian Holdings, Inc. (NASDAQ:HA) for 375 shares. Jefferies Grp Limited Liability Corp, a New York-based fund reported 46,499 shares. Babson Cap Management Ltd holds 0.01% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 9,600 shares. The Pennsylvania-based Sei Invests has invested 0% in Hawaiian Holdings, Inc. (NASDAQ:HA). Bluemountain Capital Mgmt Llc, a New York-based fund reported 45,921 shares. Bluecrest has 0.02% invested in the company for 12,034 shares. Mckinley Cap Ltd Delaware, a Unknown-based fund reported 51,620 shares. Clarivest Asset Mngmt Llc owns 46,379 shares or 0.05% of their US portfolio. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 134,500 shares. Next Fincl Grp holds 0.04% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 3,500 shares.
Insider Transactions: Since April 15, 2016, the stock had 0 buys, and 18 sales for $13.17 million net activity. The insider Rose Crystal K sold $1.68 million. $237,500 worth of Hawaiian Holdings, Inc. (NASDAQ:HA) was sold by DUNKERLEY MARK B on Thursday, September 1. Another trade for 3,946 shares valued at $183,642 was sold by Woerth Duane E.. Another trade for 10,000 shares valued at $428,820 was sold by Okinaka Shannon Lei. The insider INGRAM PETER R sold 25,000 shares worth $1.04 million. Hershfield Lawrence had sold 20,000 shares worth $949,530. 1,508 shares with value of $71,166 were sold by Panagiotoulias Theodoros on Saturday, August 27.
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 Prnewswire.com with their article: “Hawaiian Holdings Announces 2016 Second Quarter Conference Call” published on July 08, 2016, Fool.com published: “Why Hawaiian Holdings, Inc. Shares Soared 22.2% in February” on March 08, 2016. More interesting news about Hawaiian Holdings, Inc. (NASDAQ:HA) were released by: Prnewswire.com and their article: “Hawaiian Holdings Announces 2016 Third Quarter Conference Call” published on September 29, 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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