Republic Airways Holdings CEO Bryan Keith Bedford Unloads 5,000 Shares (RJET)
Republic Airways Holdings (NASDAQ:RJET) CEO Bryan Keith Bedford unloaded 5,000 shares of Republic Airways Holdings stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.82, for a total transaction of $54,100.00. Following the transaction, the chief executive officer now directly owns 400,341 shares of the company’s stock, valued at approximately $4,331,690. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.14.
Republic Airways Holdings (NASDAQ:RJET) traded up 3.85% during mid-day trading on Friday, hitting $11.34. The stock had a trading volume of 278,270 shares. Republic Airways Holdings has a 52-week low of $7.13 and a 52-week high of $13.92. The stock’s 50-day moving average is $10.28 and its 200-day moving average is $11.58. The company has a market cap of $550.6 million and a price-to-earnings ratio of 23.38.
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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