Republic Airways Holdings SVP Lars Erik Arnell Sells 1,884 Shares (RJET)
Republic Airways Holdings (NASDAQ:RJET) SVP Lars Erik Arnell sold 1,884 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $10.75, for a total value of $20,253.00. Following the sale, the senior vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $376,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RJET. Analysts at Cowen and Company cut their price target on shares of Republic Airways Holdings from $10.00 to $9.00 in a research note on Thursday, May 1st. They now have a “market perform” rating on the stock. Separately, analysts at Bank of America upgraded shares of Republic Airways Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $10.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Republic Airways Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $8.10 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.02.
Republic Airways Holdings (NASDAQ:RJET) traded up 2.10% during mid-day trading on Monday, hitting $11.18. 1,148,588 shares of the company’s stock traded hands. Republic Airways Holdings has a 1-year low of $7.82 and a 1-year high of $13.92. The stock’s 50-day moving average is $9.61 and its 200-day moving average is $9.69. The company has a market cap of $556.6 million and a price-to-earnings ratio of 14.09.
Republic Airways Holdings (NASDAQ:RJET) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.09. Analysts expect that Republic Airways Holdings will post $1.31 EPS for the current fiscal year.
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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