Charles Schwab Investment Management Inc. Buys 663,865 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,661,742 shares of the transportation company’s stock after purchasing an additional 663,865 shares during the period. Charles Schwab Investment Management Inc. owned about 1.63% of JetBlue Airways worth $37,141,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JBLU. Trust Co. of Vermont purchased a new position in shares of JetBlue Airways during the 2nd quarter valued at $27,000. Bogart Wealth LLC lifted its position in JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways during the second quarter worth about $34,000. GAMMA Investing LLC raised its stake in shares of JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after acquiring an additional 2,993 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $48,000. Institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

JBLU has been the topic of several recent analyst reports. Evercore ISI raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Citigroup lifted their target price on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. UBS Group reissued a “sell” rating and issued a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. Finally, Susquehanna increased their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.43.

JetBlue Airways Trading Up 3.7 %

Shares of NASDAQ JBLU opened at $6.19 on Tuesday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock has a market capitalization of $2.15 billion, a P/E ratio of -2.46 and a beta of 1.92. The business has a fifty day moving average price of $6.54 and a 200 day moving average price of $5.93. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion for 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 company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. Equities research analysts expect that JetBlue Airways Co. will post -0.92 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.