Centiva Capital LP Purchases Shares of 210,052 JetBlue Airways Co. (NASDAQ:JBLU)

Centiva Capital LP acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 210,052 shares of the transportation company's stock, valued at approximately $1,378,000. Centiva Capital LP owned 0.06% of JetBlue Airways as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. lifted its stake in shares of JetBlue Airways by 136.1% in the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company's stock valued at $1,612,000 after purchasing an additional 141,605 shares during the period. Quantbot Technologies LP lifted its stake in JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company's stock valued at $6,054,000 after buying an additional 334,032 shares during the period. Jade Capital Advisors LLC boosted its holdings in JetBlue Airways by 800.0% during the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company's stock worth $2,952,000 after buying an additional 400,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock worth $37,141,000 after buying an additional 663,865 shares during the period. Finally, Privium Fund Management UK Ltd bought a new stake in shares of JetBlue Airways in the 3rd quarter valued at about $794,000. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Price Performance

JBLU traded down $0.14 on Thursday, hitting $6.42. 23,408,585 shares of the company were exchanged, compared to its average volume of 15,931,742. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The stock's fifty day moving average is $6.55 and its 200-day moving average is $5.93. JetBlue Airways Co. has a 12 month low of $4.49 and a 12 month high of $8.07.

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. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the business earned ($0.39) earnings per share. The firm's revenue was up .5% on a year-over-year basis. As a group, research analysts forecast that JetBlue Airways Co. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

JBLU has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. The Goldman Sachs Group reissued a "sell" rating and set a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Citigroup raised their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. Finally, Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.43.

About JetBlue Airways

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.