The Vanguard Group, Inc. has recently announced that it has increased stake in Hawaiian Holdings Inc. (NASDAQ:HA) by 1.02%. After grabbing 5.48 million shares, the institutional investor is now in possession of 55417.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 10.67% having worth around $79.11 million. Moreover, Towle & Co. increased its share by 67350.0 to have a control over 1.55 million shares. And Victory Capital Management, Inc. raised its holdings to 3047.0 shares by acquiring 1.03 million shares or 2.00% of the stake.
Hawaiian Holdings Inc. (HA) concluded trading on 11/23/22 at a closing price of $13.95, with 0.49 million shares of worth about $6.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.03% during that period and on Wednesday the price saw a gain of about 1.01%. Currently the company’s common shares owned by public are about 51.39M shares, out of which, 50.17M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 235,279 shares in 28 of the transactions. In 6 selling transactions, insiders dumped 71,678 shares.
US Global Jets ETF, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Hawaiian Holdings Inc. US Global Jets ETF is currently holding 4.12 million shares of worth totaling $59.39 million. The company recently came buying 0.0 shares which brought its stake up to 8.01% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 2920.0 shares, after which its hold over company’s outstanding shares expand to 7.42%, leaving 3.81 million shares with the mutual fund that have a worth of about $55.02 million. Vanguard Total Stock Market Index, after buying 1.45 million shares, have now control over 2.82% of the stake in the company. It holds 19211.0 shares of worth $20.92 million.
Hawaiian Holdings Inc. (NASDAQ: HA) started trading at $13.93, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 13.97, or with a gain of 1.01%. Stock saw a price change of -1.97% in past 5 days and over the past one month there was a price change of -8.52%. Year-to-date (YTD), HA shares are showing a performance of -24.06% which decreased to -30.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.76 but also hit the highest price of $21.71 during that period. The average intraday trading volume for Hawaiian Holdings Inc. shares is 775.35K. The stock is currently trading -1.76% below its 20-day simple moving average (SMA20), while that difference is down -1.78% for SMA50 and it goes to -13.42% lower than SMA200.
The Vanguard Group, Inc. acquired 5.48 million shares of Hawaiian Holdings Inc. having value of about $79.11 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 55417.0 shares in the company valued at close to $773067.15, or have control over 1.02% stake in the company. Hawaiian Holdings Inc. (NASDAQ: HA) currently have 51.39M outstanding shares and institutions hold larger chunk of about 80.10% of that. Holding of mutual funds in the company is about 27.71% while other institutional holders and individual stake holders have control over 51.79% and 18.33% of the stake respectively.
The stock has a current market capitalization of $716.19M and its 3Y-monthly beta is at 1.81. It has posted earnings per share of -$5.50 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 4.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HA, volatility over the week remained 3.20% while standing at 4.49% over the month.
Analysts are in expectations that Hawaiian Holdings Inc. (HA) stock would likely to be making an EPS of -$0.67 in the current quarter, while forecast for next quarter EPS is -$0.63 and it is $0.31 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.7 which is -$0.61 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.37 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 74.30% while it is estimated to increase by 103.30% in next year.
Analysts at 7 brokerage firms have issued recommendations for the Hawaiian Holdings Inc. (HA)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.10. Out of those 7 Wall Street analysts, 0 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on April 22, 2022 offering a Hold rating for the stock and assigned a target price range of between $25 and $23 to it. Coverage by Cowen stated Hawaiian Holdings Inc. (HA) stock as a Market perform in their note to investors on January 13, 2022, suggesting a price target of $23 for the stock. On October 06, 2021, Wolfe Research Downgrade their recommendations, while on June 10, 2021, MKM Partners Initiated their ratings for the stock with a price target of $27. Stock get an Outperform rating from Wolfe Research on April 28, 2021.