Hawaiian Holdings, Inc. (NASDAQ:HA) COO Jonathan D. Snook Sells 3,600 Shares of Stock

Hawaiian Holdings, Inc. (NASDAQ:HAGet Rating) COO Jonathan D. Snook sold 3,600 shares of Hawaiian stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $14.03, for a total value of $50,508.00. Following the transaction, the chief operating officer now owns 141,589 shares in the company, valued at $1,986,493.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hawaiian Stock Up 1.0 %

Shares of NASDAQ:HA traded up $0.14 during midday trading on Thursday, hitting $13.95. The stock had a trading volume of 485,458 shares, compared to its average volume of 741,297. The company has a market cap of $717.17 million, a P/E ratio of -2.74 and a beta of 1.84. Hawaiian Holdings, Inc. has a 12 month low of $12.76 and a 12 month high of $21.71. The business’s 50-day simple moving average is $14.17 and its 200-day simple moving average is $15.04. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 4.76.

Hawaiian (NASDAQ:HAGet Rating) last issued its earnings results on Tuesday, October 25th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. Hawaiian had a negative net margin of 10.87% and a negative return on equity of 59.65%. The company had revenue of $741.15 million for the quarter, compared to analysts’ expectations of $750.81 million. On average, sell-side analysts forecast that Hawaiian Holdings, Inc. will post -4.22 earnings per share for the current fiscal year.

Institutional Trading of Hawaiian

Hedge funds have recently made changes to their positions in the business. Capital Fund Management S.A. bought a new stake in Hawaiian in the 1st quarter valued at $594,000. Mutual Advisors LLC lifted its stake in shares of Hawaiian by 4.5% during the 1st quarter. Mutual Advisors LLC now owns 46,310 shares of the transportation company’s stock worth $912,000 after buying an additional 2,000 shares during the last quarter. Versor Investments LP boosted its holdings in shares of 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 buying an additional 15,880 shares during the period. GMT Capital Corp raised its holdings in Hawaiian by 665.8% in the 2nd quarter. GMT Capital Corp now owns 480,950 shares of the transportation company’s stock valued at $6,882,000 after acquiring an additional 418,150 shares during the period. Finally, KBC Group NV acquired a new stake in Hawaiian during the second quarter worth approximately $64,000. 91.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on HA. Deutsche Bank Aktiengesellschaft dropped their price target on Hawaiian from $23.00 to $17.00 in a research report on Wednesday, July 27th. StockNews.com upgraded shares of Hawaiian from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Bank of America reduced 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. Melius assumed coverage on shares of Hawaiian in a report on Monday, August 15th. They set a “hold” rating on the stock. Finally, Cowen reduced their target price on shares of Hawaiian to $19.00 in a research note on Thursday, October 27th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Hawaiian presently has a consensus rating of “Hold” and a consensus price target of $15.71.

Hawaiian Company Profile

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Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; and New York City, New York.

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