Republic Airways pilots reach tentative agreement

RJET has been the subject of several other research reports.

Republic shares were up 79.4 percent, to $5.23 each, late Monday afternoon, the biggest intraday increase since May 2004. Finally, TheStreet raised Republic Airways Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. The company has a market cap of $269.39 million and a price-to-earnings ratio of 6.60. Zacks Research now has a stock rating of 3 on the equity. With the volume soaring to 1,477,452 shares, the last trade was called at $2.91. The brokerage firm has raised the Price Target to $8 from a previous price target of $5. Cowen & Company warns it’s unclear how that process will play out.

Republic Airways Holdings (NASDAQ:RJET) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports. The stock surged to a 2-month high and re-crossed its 50-day moving average. The 52-week low of the share price is at $1.965.

Tipp Hill Capital Management Llc had the largest stake with ownership of 762,000 shares as of Q2 2015 for 5.91% of the stocks portfolio.

Republic Airways Holdings Inc.is a holding company.

Over the last 6 months, Republic Airways NASDAQ:RJET has seen 0 unique insider buys, and 11 insider selling transactions. The total value of the transaction was worth $33,355.

Shares of the company plummeted earlier this month after Republic Airways and pilots union Teamsters Local 357 failed to reach an agreement on what the airline had deemed its final round of pilot-contract negotiations. (Chautauqua), Shuttle America Corporation (Shuttle) and Republic Airline Inc. (Frontier). As of December 31, 2011, its operating subsidiaries offered scheduled passenger service on 1,483 flights daily to 132 cities in 42 states, Canada, Mexico, and Costa Rica under Frontier operations as Frontier and through fixed-fee code-share agreements with AMR Corp., the parent of American Airlines, Inc. (United), Delta Air Lines, Inc. The company’s shares opened today at $2.79, close to its 52-week low of $1.97.

In a statement, Republic Airways said “the parties are preparing the document for publication, at which point Local 357 will distribute copies of the tentative agreement to its members”. (Delta), and US Airways, Inc.