American Century Companies Inc. Acquires 678,891 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

American Century Companies Inc. grew its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,771,993 shares of the transportation company's stock after buying an additional 678,891 shares during the quarter. American Century Companies Inc. owned 2.53% of JetBlue Airways worth $68,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the third quarter valued at approximately $28,000. Blue Trust Inc. increased its stake in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways during the 4th quarter worth $40,000. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after buying an additional 2,850 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in JetBlue Airways in the fourth quarter valued at about $58,000. Institutional investors own 83.71% of the company's stock.

Insider Activity at JetBlue Airways

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

JetBlue Airways Trading Down 2.3 %

Shares of NASDAQ:JBLU traded down $0.12 during trading on Friday, reaching $5.21. The stock had a trading volume of 22,029,165 shares, compared to its average volume of 17,258,442. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week high of $8.31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The firm's fifty day moving average is $6.40 and its 200 day moving average is $6.65. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -2.23 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates 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 company earned ($0.19) EPS. As a group, equities analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JBLU has been the subject of several research analyst reports. Citigroup boosted 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. Bank of America reiterated an "underperform" rating and set a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Susquehanna cut their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $6.33.

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.