Choreo LLC Takes $164,000 Position in JetBlue Airways Co. (NASDAQ:JBLU)

Choreo LLC bought a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,315 shares of the transportation company’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in JetBlue Airways by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after acquiring an additional 317,263 shares during the last quarter. Donald Smith & CO. Inc. increased its position in JetBlue Airways by 6.5% in the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock worth $98,360,000 after purchasing an additional 805,404 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in JetBlue Airways by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,861,383 shares of the transportation company’s stock valued at $21,431,000 after purchasing an additional 186,185 shares in the last quarter. Allianz Asset Management GmbH lifted its position in JetBlue Airways by 70.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,366,548 shares of the transportation company’s stock valued at $13,134,000 after purchasing an additional 975,736 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of JetBlue Airways by 41.6% in the 1st quarter. Empowered Funds LLC now owns 1,080,044 shares of the transportation company’s stock worth $8,014,000 after buying an additional 317,097 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several recent research reports. TD Cowen upped their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, Citigroup increased their price target on JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.00.

JetBlue Airways Stock Up 0.5 %

NASDAQ:JBLU opened at $5.72 on Friday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -2.32 and a beta of 1.90. JetBlue Airways Co. has a twelve month low of $3.42 and a twelve month high of $7.58. 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 stock has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $5.98.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.45 EPS. Analysts anticipate that JetBlue Airways Co. will post -0.99 EPS for the current 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.