Take off with Hawaiian Holdings Inc. (HA): Get ready for trading

Hawaiian Holdings Inc. (NASDAQ: HA) stock fell -2.94% on Tuesday to $11.89 against a previous-day closing price of $12.25. With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $12.30 whereas the lowest price it dropped to was $11.89. The 52-week range on HA shows that it touched its highest point at $21.71 and its lowest point at $9.64 during that stretch. It currently has a 1-year price target of $12.80. Beta for the stock currently stands at 1.89.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HA was down-trending over the past week, with a drop of -6.75%, but this was up by 11.43% over a month. Three-month performance dropped to -22.44% while six-month performance fell -21.36%. The stock lost -35.59% in the past year, while it has gained 15.89% so far this year. A look at the trailing 12-month EPS for HA yields -5.50 with Next year EPS estimates of 0.03. For the next quarter, that number is -0.70. This implies an EPS growth rate of 74.30% for this year and 100.70% for next year.

Float and Shares Shorts:

At present, 51.39 million HA shares are outstanding with a float of 50.17 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.89 million, which was 7.56% higher than short shares on Sep 14, 2022. In addition to Mr. Peter R. Ingram as the firm’s Pres, CEO & Director, Ms. Shannon Lei Okinaka serves as its Exec. VP, CFO & Treasurer.


Institutional Ownership:

Through their ownership of 82.17% of HA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.31% of HA, in contrast to 28.23% held by mutual funds. Shares owned by individuals account for 18.33%. As the largest shareholder in HA with 14.81% of the stake, BlackRock Fund Advisors holds 7,615,559 shares worth 7,615,559. A second-largest stockholder of HA, The Vanguard Group, Inc., holds 5,482,439 shares, controlling over 10.66% of the firm’s shares. US Global Investors, Inc. is the third largest shareholder in HA, holding 4,259,220 shares or 8.29% stake. With a 8.95% stake in HA, the US Global Jets ETF is the largest stakeholder. A total of 4,601,774 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 7.43% of HA stock, is the second-largest Mutual Fund holder. It holds 3,818,195 shares valued at 39.17 million. Vanguard Total Stock Market Index holds 2.86% of the stake in HA, owning 1,471,674 shares worth 15.1 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HA since 8 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HA analysts setting a high price target of $19.00 and a low target of $8.00, the average target price over the next 12 months is $12.67. Based on these targets, HA could surge 59.8% to reach the target high and fall by -32.72% to reach the target low. Reaching the average price target will result in a growth of 6.56% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HA will report FY 2022 earnings on 01/30/2024. Analysts have provided yearly estimates in a range of -$4.09 being high and -$4.39 being low. For HA, this leads to a yearly average estimate of -$4.26. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hawaiian Holdings Inc. surprised analysts by $0.03 when it reported -$0.15 EPS against a consensus estimate of -$0.18. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.64 and the low estimate is -$0.79. The average estimate for the next quarter is thus -$0.70.

Summary of Insider Activity:

Insiders traded HA stock several times over the past three months with 5 Buys and 11 Sells. In these transactions, 34,855 shares were bought while 45,501 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 270,134 while 97,179 shares were sold.

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