Capital Fund Management S.A. Acquires New Shares in JetBlue Airways Co. (NASDAQ:JBLU)

Capital Fund Management S.A. bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 471,518 shares of the transportation company's stock, valued at approximately $3,706,000. Capital Fund Management S.A. owned about 0.14% of JetBlue Airways at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position 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 worth $35,000 after acquiring an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways in the fourth quarter worth $40,000. Bogart Wealth LLC increased its stake in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after purchasing an additional 2,850 shares during the last quarter. R Squared Ltd bought a new stake in JetBlue Airways during the fourth quarter valued at $58,000. Finally, GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after purchasing an additional 3,857 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

Analysts Set New Price Targets

JBLU has been the subject of several research reports. Barclays decreased their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Bank of America cut their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Citigroup lowered their price objective on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a research note on Friday, April 11th. Raymond James upgraded 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. Finally, Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.17.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal acquired 100,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the transaction, the director now owns 116,443 shares of the company's stock, valued at $714,960.02. The trade was a 608.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the company'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 transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock traded up $0.25 during trading on Friday, hitting $3.67. The stock had a trading volume of 42,433,896 shares, compared to its average volume of 18,577,210. The business has a fifty day moving average of $5.43 and a two-hundred day moving average of $6.40. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The firm has a market cap of $1.30 billion, a P/E ratio of -1.57 and a beta of 1.69. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued 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 net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, sell-side analysts expect that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal 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.