Natixis Advisors LLC Purchases Shares of 26,445 JetBlue Airways Co. (NASDAQ:JBLU)

Natixis Advisors LLC acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,445 shares of the transportation company’s stock, valued at approximately $208,000.

Several other large investors have also recently modified their holdings of JBLU. JPMorgan Chase & Co. boosted its stake in JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after acquiring an additional 2,584,350 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of JetBlue Airways by 5,648.9% during the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after acquiring an additional 1,444,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of JetBlue Airways by 18.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock valued at $52,864,000 after purchasing an additional 1,063,929 shares during the last quarter. BNP Paribas Financial Markets grew its position in JetBlue Airways by 429.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after purchasing an additional 999,713 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in JetBlue Airways during the 4th quarter valued at approximately $6,632,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

JBLU opened at $5.21 on Friday. The firm has a market capitalization of $1.84 billion, a PE ratio of -2.23 and a beta of 1.80. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve month high of $8.31. The firm’s 50-day moving average price is $6.40 and its 200 day moving average price is $6.64.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the previous year, the firm earned ($0.19) earnings per share. As a group, sell-side analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBLU. Susquehanna decreased their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, UBS Group reduced their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.33.

Insider Buying and Selling at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company’s stock.

About JetBlue Airways

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.