Raymond James Financial Inc. Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Raymond James Financial Inc. purchased a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 228,510 shares of the transportation company’s stock, valued at approximately $1,796,000. Raymond James Financial Inc. owned about 0.07% of JetBlue Airways at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in JetBlue Airways in the 4th quarter worth about $40,000. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd acquired a new position in shares of JetBlue Airways during the 4th quarter worth approximately $58,000. Finally, Glenmede Trust Co. NA bought a new position in shares of JetBlue Airways during the third quarter worth approximately $66,000. 83.71% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America reissued an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. UBS Group lowered their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and lowered their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $4.82 on Tuesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -2.06 and a beta of 1.80. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve month high of $8.31. The stock has a fifty day simple moving average of $6.35 and a 200 day simple moving average of $6.64. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

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