Point72 Asset Management L.P. Grows Position in JetBlue Airways Co. (NASDAQ:JBLU)

Point72 Asset Management L.P. boosted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 715.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,630,622 shares of the transportation company’s stock after buying an additional 1,430,622 shares during the period. Point72 Asset Management L.P. owned approximately 0.48% of JetBlue Airways worth $9,930,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JBLU. Vanguard Group Inc. lifted its holdings in shares of JetBlue Airways by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after acquiring an additional 317,263 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in JetBlue Airways by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock worth $108,875,000 after purchasing an additional 521,767 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of JetBlue Airways by 6.5% during the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock worth $98,360,000 after buying an additional 805,404 shares during the period. American Century Companies Inc. grew its stake in shares of JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of JetBlue Airways by 70.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,366,548 shares of the transportation company’s stock valued at $13,134,000 after buying an additional 975,736 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $6.56 on Tuesday. The firm has a market capitalization of $2.23 billion, a PE ratio of -2.66 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 business’s fifty day moving average price is $5.50 and its 200 day moving average price is $5.93. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $7.58.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.26. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, sell-side analysts anticipate that JetBlue Airways Co. will post -1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several research reports. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, Citigroup raised their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Four 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.00.

JetBlue Airways 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.