If you Hold here your can be confident of yor investment
Institutional Holding know of no BK ON HORIZON.
Republic Airways Holdings Inc. (NASDAQ:RJET)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a note issued to investors on Sunday, ARN reports.
According to Zacks, “Republic Airway is a holding company that operates Chautauqua Airlines, Inc. and Republic Airline Inc. “
Several hedge funds have recently made changes to their positions in the company. Axar Capital Management L.P. purchased a new stake in shares of Republic Airways Holdings during the fourth quarter worth about $19,803,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Republic Airways Holdings by 18.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 498,813 shares of the company’s stock worth $1,961,000 after buying an additional 76,277 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Republic Airways Holdings by 58.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 759,036 shares of the company’s stock worth $2,983,000 after buying an additional 281,075 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Republic Airways Holdings by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 335,018 shares of the company’s stock worth $1,317,000 after buying an additional 14,758 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Republic Airways Holdings by 16.4% in the fourth quarter. California Public Employees Retirement System now owns 642,500 shares of the company’s stock worth $2,525,000 after buying an additional 90,700 shares during the period.
Republic Airways Holdings (NASDAQ:RJET) traded down 0.43% during mid-day trading on Friday, hitting $2.30. 1,192,705 shares of the stock were exchanged. The stock has a market capitalization of $117.13 million and a PE ratio of 4.59. Republic Airways Holdings has a 52 week low of $1.61 and a 52 week high of $15.36. The company has a 50-day moving average of $2.40 and a 200-day moving average of $3.95.
A number of other research analysts also recently weighed in on the stock. Vetr downgraded shares of Republic Airways Holdings from a “strong-buy” rating to a “buy” rating and set a $7.10 price objective on the stock. in a research report on Monday, October 26th. Deutsche Bank downgraded shares of Republic Airways Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the company from $8.00 to $4.00 in a research report on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.94.
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) and Republic Airline Inc (Republic Airline).
