GAMMA Investing LLC grew its holdings in JetBlue Airways Co. (NASDAQ:JBLU – Free Report) by 85.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,353 shares of the transportation company’s stock after purchasing an additional 3,857 shares during the quarter. GAMMA Investing LLC’s holdings in JetBlue Airways were worth $66,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in JBLU. 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 worth $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways in the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of JetBlue Airways during the 2nd quarter worth $34,000. Point72 DIFC Ltd acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at about $48,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of JetBlue Airways in the third quarter valued at about $66,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
JBLU has been the topic of a number of analyst reports. Barclays lifted their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Evercore ISI raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Finally, UBS Group restated a “sell” rating and issued a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways has an average rating of “Hold” and a consensus target price of $6.65.
JetBlue Airways Stock Performance
Shares of NASDAQ JBLU opened at $7.70 on Monday. The stock has a fifty day simple moving average of $6.87 and a 200-day simple moving average of $6.28. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.28. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $2.67 billion, a PE ratio of -3.06 and a beta of 1.84.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) EPS. On average, equities analysts forecast that JetBlue Airways Co. will post -0.85 earnings per share 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.
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