The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) hit a new 52-week high and has $55.49 target or 6.00% above today’s $52.35 share price. The 6 months bullish chart indicates low risk for the $2.89B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $55.49 price target is reached, the company will be worth $173.40 million 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 237,258 shares traded hands. Hawaiian Holdings, Inc. (NASDAQ:HA) has risen 4.96% since April 21, 2016 and is uptrending. It has underperformed by 0.37% the S&P500.
Analysts await Hawaiian Holdings, Inc. (NASDAQ:HA) to report earnings on January, 24. They expect $1.18 EPS, up 38.82% or $0.33 from last year’s $0.85 per share. HA’s profit will be $65.14 million for 11.09 P/E if the $1.18 EPS becomes a reality. After $1.92 actual EPS reported by Hawaiian Holdings, Inc. for the previous quarter, Wall Street now forecasts -38.54% negative EPS growth.
Hawaiian Holdings, Inc. (NASDAQ:HA) Ratings Coverage
Out of 9 analysts covering Hawaiian Holdings (NASDAQ:HA), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Hawaiian Holdings has been the topic of 27 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) earned “Market Perform” rating by Cowen & Co on Friday, July 22. The firm earned “Market Perform” rating on Wednesday, July 29 by Cowen & Co. The company was downgraded on Friday, April 1 by Deutsche Bank. The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) earned “Underperform” rating by Wolfe Research on Tuesday, November 10. The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) earned “Buy” rating by Argus Research on Tuesday, July 26. The firm has “Outperform” rating given on Thursday, January 7 by Wolfe Research. Cowen & Co maintained it with “Market Perform” rating and $37 target price in Monday, November 30 report. The company was maintained on Thursday, October 20 by Imperial Capital. The firm earned “Neutral” rating on Friday, November 18 by Citigroup. The firm earned “Buy” rating on Monday, June 27 by Deutsche Bank.
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 increased to 1.15 in Q2 2016. Its up 0.08, from 1.07 in 2016Q1. The ratio increased, 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.
Pinnacle Ltd Liability Corporation has 0% invested in the company for 5,039 shares. Amer Group, a New York-based fund reported 38,402 shares. Renaissance Tech Ltd Limited Liability Company accumulated 2.34M shares or 0.17% of the stock. Lpl Financial Limited Liability Com has 0% invested in the company for 10,007 shares. Brandywine Global Invest Mngmt Ltd Limited Liability Company, a Pennsylvania-based fund reported 34,879 shares. Profund Advsrs Llc owns 6,471 shares or 0.01% of their US portfolio. Leuthold Group Limited Liability Company has 0.87% invested in the company for 215,603 shares. Ajo L P reported 3.14M shares or 0.53% of all its holdings. Glenmede Na has 0% invested in the company for 16,698 shares. Palisade Mgmt Nj reported 10,550 shares or 0.01% of all its holdings. Blackrock Invest Mgmt Ltd Com holds 0.01% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 217,199 shares. Gotham Asset Management Limited Liability accumulated 704,267 shares or 0.32% of the stock. Kanaly, a Texas-based fund reported 5 shares. Qs Invsts Lc accumulated 0.15% or 473,003 shares. Moreover, Globeflex Capital Ltd Partnership has 0.17% invested in Hawaiian Holdings, Inc. (NASDAQ:HA) for 16,500 shares.
Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 19 insider sales for $10.08 million net activity. INGRAM PETER R had sold 25,000 shares worth $1.04M. Another trade for 8,000 shares valued at $402,080 was sold by DUNKERLEY MARK B. 16,577 shares were sold by SWELBAR WILLIAM S, worth $739,215 on Wednesday, August 3. 17,500 shares were sold by Zwern Richard N, worth $819,175. Panagiotoulias Theodoros sold 1,508 shares worth $71,166. Another trade for 3,946 shares valued at $183,642 was made by Woerth Duane E. on Wednesday, September 14. ANDERSON-LEHMAN RONALD also sold $1.22M worth of Hawaiian Holdings, Inc. (NASDAQ:HA) on Tuesday, July 26.
More important recent Hawaiian Holdings, Inc. (NASDAQ:HA) news were published by: Nasdaq.com which released: “Hawaiian Holdings Reaches Analyst Target Price” on November 23, 2016, also Prnewswire.com published article titled: “Hawaiian Holdings Announces Investor Day Presentation Webcast”, Prnewswire.com published: “Hawaiian Airlines Unveils New Uniforms” on November 14, 2016. More interesting news about Hawaiian Holdings, Inc. (NASDAQ:HA) was released by: Streetinsider.com and their article: “Form 4 HAWAIIAN HOLDINGS INC For: Nov 18 Filed by: DUNKERLEY MARK B” with publication date: November 21, 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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