JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 101.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,941 shares of the transportation company’s stock after purchasing an additional 69,399 shares during the quarter. Victory Capital Management Inc.’s holdings in JetBlue Airways were worth $840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of JetBlue Airways by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company’s stock worth $3,611,000 after purchasing an additional 84,766 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of JetBlue Airways by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company’s stock worth $2,159,000 after purchasing an additional 4,157 shares during the period. CWM LLC grew its stake in shares of JetBlue Airways by 20.2% during the 1st quarter. CWM LLC now owns 30,224 shares of the transportation company’s stock worth $224,000 after purchasing an additional 5,069 shares during the period. Seven Eight Capital LP acquired a new position in shares of JetBlue Airways during the 4th quarter worth $869,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of JetBlue Airways by 208.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company’s stock worth $2,851,000 after purchasing an additional 264,460 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Citigroup increased their price objective on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, TD Cowen increased their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $6.00.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $5.72 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -2.32 and a beta of 1.90. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average is $5.51 and its two-hundred day moving average is $5.98. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $7.58.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Research analysts expect that JetBlue Airways Co. will post -0.99 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.