Republic Airways Holdings CEO Sells $48,700 in Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) CEO Bryan Keith Bedford unloaded 5,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $9.74, for a total value of $48,700.00. Following the completion of the sale, the chief executive officer now directly owns 425,341 shares of the company’s stock, valued at approximately $4,142,821. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Republic Airways Holdings (NASDAQ:RJET) traded up 1.63% on Tuesday, hitting $9.96. 611,312 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 $13.67. The stock’s 50-day moving average is $10.66 and its 200-day moving average is $9.77. The company has a market cap of $495.8 million and a P/E ratio of 12.61.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Republic Airways Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 15th. Separately, analysts at Zacks downgraded shares of Republic Airways Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $12.20 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.30.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.