Insider Selling: Republic Airways Holdings CFO Unloads 17,333 Shares of Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) CFO Timothy Dooley sold 17,333 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $11.50, for a total transaction of $199,329.50. Following the transaction, the chief financial officer now directly owns 58,334 shares of the company’s stock, valued at approximately $670,841. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
RJET has been the subject of a number of recent research reports. 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 assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.14.
Shares of Republic Airways Holdings (NASDAQ:RJET) traded down 1.55% during mid-day trading on Tuesday, hitting $10.83. The stock had a trading volume of 387,480 shares. Republic Airways Holdings has a one year low of $7.35 and a one year high of $13.92. The stock has a 50-day moving average of $10.35 and a 200-day moving average of $11.58. The company has a market cap of $525.9 million and a P/E ratio of 23.55.
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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