Insider Selling: Republic Airways Holdings SVP Unloads 1,884 Shares of Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) SVP Lars Erik Arnell sold 1,884 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.75, for a total transaction of $20,253.00. Following the completion of 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 filing with the SEC, which is available at this link.
RJET has been the subject of a number of recent research reports. 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 issued a buy rating to the stock. Republic Airways Holdings presently has a consensus rating of “Hold” and a consensus price target of $11.02.
Republic Airways Holdings (NASDAQ:RJET) opened at 11.01 on Wednesday. Republic Airways Holdings has a one year low of $7.82 and a one year high of $13.92. The stock has a 50-day moving average of $9. and a 200-day moving average of $9.70. The company has a market cap of $548.1 million and a price-to-earnings ratio of 14.17.
Republic Airways Holdings (NASDAQ:RJET) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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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