Dimensional Fund Advisors LP Has $108.88 Million Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Dimensional Fund Advisors LP boosted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,878,115 shares of the transportation company’s stock after purchasing an additional 521,767 shares during the period. Dimensional Fund Advisors LP owned about 5.26% of JetBlue Airways worth $108,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in JetBlue Airways by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company’s stock valued at $3,611,000 after purchasing an additional 84,766 shares during the period. Texas Permanent School Fund Corp grew its holdings in JetBlue Airways by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company’s stock worth $2,159,000 after acquiring an additional 4,157 shares during the period. CWM LLC grew its holdings in JetBlue Airways by 20.2% during the 1st quarter. CWM LLC now owns 30,224 shares of the transportation company’s stock worth $224,000 after acquiring an additional 5,069 shares during the period. Seven Eight Capital LP acquired a new stake in JetBlue Airways during the 4th quarter worth about $869,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in JetBlue Airways by 208.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company’s stock worth $2,851,000 after acquiring an additional 264,460 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup increased their price target on JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. TD Cowen increased their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, JetBlue Airways has a consensus rating of “Hold” and a consensus target price of $6.00.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.73 on Tuesday. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $7.58. The company has a market cap of $1.95 billion, a PE ratio of -2.32 and a beta of 1.90. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. The stock has a 50-day moving average of $5.50 and a 200-day moving average of $5.95.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Co. will post -0.99 EPS for the current fiscal year.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.