Insider Selling: Republic Airways Holdings SVP Sells 6,667 Shares of Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) SVP Lars Erik Arnell sold 6,667 shares of the stock on the open market in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.76, for a total transaction of $71,736.92. Following the completion of the sale, the senior vice president now directly owns 58,333 shares of the company’s stock, valued at approximately $627,663. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Republic Airways Holdings (NASDAQ:RJET) traded up 3.94% on Friday, hitting $11.35. The stock had a trading volume of 292,019 shares. Republic Airways Holdings has a 1-year low of $7.13 and a 1-year high of $13.92. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $11.58. The company has a market cap of $551.1 million and a P/E ratio of 23.38.
Several analysts have recently commented on the stock. Analysts at Imperial Capital upgraded shares of Republic Airways Holdings from an “in” rating to an “outperform” rating in a research note to investors on Friday, December 20th. They now have a $13.00 price target on the stock, up previously from $12.00. Separately, analysts at Zacks downgraded shares of Republic Airways Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $12.70 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Republic Airways Holdings from $13.00 to $11.00 in a research note to investors on Monday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Republic Airways Holdings presently has an average rating of “Hold” and a consensus price target of $12.14.
Republic Airways Holdings Inc is a holding company. The Company offers scheduled passenger services through its wholly-owned operating air carrier subsidiaries: Chautauqua Airlines, Inc (NASDAQ:RJET), Shuttle America Corporation (Shuttle), Republic Airline Inc (Republic Airline) and Frontier Airlines, Inc (Frontier).
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