Victory Capital Management Inc. Buys 15,641 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Victory Capital Management Inc. increased its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 153,582 shares of the transportation company’s stock after purchasing an additional 15,641 shares during the quarter. Victory Capital Management Inc.’s holdings in JetBlue Airways were worth $1,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Smith Anglin Financial LLC grew its stake in shares of JetBlue Airways by 14.6% during the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after buying an additional 1,763 shares during the last quarter. Sage Rhino Capital LLC boosted its holdings in JetBlue Airways by 9.9% during the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 1,788 shares during the period. Jeppson Wealth Management LLC grew its position in JetBlue Airways by 15.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 1,850 shares during the last quarter. GAMMA Investing LLC increased its stake in JetBlue Airways by 79.2% in the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after purchasing an additional 2,993 shares during the period. Finally, Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on JBLU. TD Cowen upped their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Bank of America upgraded 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. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Susquehanna lifted their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Barclays lifted their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $5.96 on Thursday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -2.37 and a beta of 1.92. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a twelve month low of $4.10 and a twelve month high of $8.07. The stock has a fifty day simple moving average of $6.52 and a two-hundred day simple moving average of $5.93.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) EPS. On average, analysts predict that JetBlue Airways Co. will post -0.92 EPS for the current fiscal year.

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.