SG Americas Securities LLC Buys Shares of 25,571 JetBlue Airways Co. (NASDAQ:JBLU)

SG Americas Securities LLC acquired a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,571 shares of the transportation company’s stock, valued at approximately $168,000.

Other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of JetBlue Airways in the 2nd quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of JetBlue Airways by 218.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,109 shares of the transportation company’s stock worth $141,000 after acquiring an additional 15,862 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways in the second quarter valued at about $34,000. Point72 Asset Management L.P. boosted its stake in shares of JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after buying an additional 1,430,622 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of JetBlue Airways by 11.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company’s stock worth $380,000 after purchasing an additional 6,179 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $6.99 on Friday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -2.83 and a beta of 1.92. The firm has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $5.94. JetBlue Airways Co. has a 1-year low of $3.42 and a 1-year high of $8.07. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, sell-side analysts expect that JetBlue Airways Co. will post -0.91 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen boosted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Friday, October 11th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their target price for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, Susquehanna boosted their price target on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 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 stock. According to data from MarketBeat, JetBlue Airways currently has an average rating of “Hold” and a consensus price target of $5.98.

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.