Canada Pension Plan Investment Board Buys Shares of 434,500 JetBlue Airways Co. (NASDAQ:JBLU)

Canada Pension Plan Investment Board purchased a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 434,500 shares of the transportation company's stock, valued at approximately $3,415,000. Canada Pension Plan Investment Board owned 0.13% of JetBlue Airways as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JBLU. FMR LLC increased its position in JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock worth $130,470,000 after acquiring an additional 16,486,326 shares during the period. Renaissance Technologies LLC increased its holdings in shares of JetBlue Airways by 491.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock worth $33,597,000 after purchasing an additional 3,552,057 shares during the period. JPMorgan Chase & Co. raised its position in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after buying an additional 2,584,350 shares during the last quarter. Norges Bank bought a new stake in shares of JetBlue Airways in the fourth quarter valued at about $14,624,000. Finally, Jump Financial LLC grew its position in JetBlue Airways by 200.6% during the fourth quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company's stock worth $17,476,000 after buying an additional 1,483,763 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $3.67 on Wednesday. JetBlue Airways Co. has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a 50 day moving average of $5.31 and a 200-day moving average of $6.36. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -1.57 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter in the previous year, the business posted ($0.19) earnings per share. On average, equities analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a "buy" rating to a "hold" rating and cut their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Barclays reduced their target price on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Bank of America lowered their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Citigroup reduced their price objective on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a research note on Monday, April 7th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of "Hold" and a consensus target price of $5.17.

Insider Activity at JetBlue Airways

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

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.

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