Republic Airways Holdings CFO Sells $21,420 in Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) CFO Timothy P. Dooley sold 2,000 shares of the stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $10.71, for a total value of $21,420.00. Following the completion of the transaction, the chief financial officer now directly owns 63,000 shares of the company’s stock, valued at approximately $674,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
RJET has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Republic Airways Holdings from $13.00 to $17.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.82.
Republic Airways Holdings (NASDAQ:RJET) traded down 0.37% during mid-day trading on Wednesday, hitting $10.80. 409,147 shares of the company’s stock traded hands. Republic Airways Holdings has a 52-week low of $7.82 and a 52-week high of $13.92. The stock has a 50-day moving average of $10.37 and a 200-day moving average of $9.71. The company has a market cap of $537.6 million and a price-to-earnings ratio of 13.95.
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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