Charles Schwab Investment Management Inc. Buys 1,063,929 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Charles Schwab Investment Management Inc. increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,725,671 shares of the transportation company's stock after buying an additional 1,063,929 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.94% of JetBlue Airways worth $52,864,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in JetBlue Airways during the 3rd quarter worth $28,000. Blue Trust Inc. raised its stake in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in JetBlue Airways during the 4th quarter worth $40,000. Bogart Wealth LLC raised its stake in 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 period. Finally, R Squared Ltd acquired a new stake in JetBlue Airways during the 4th quarter worth $58,000. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Stock Performance

JetBlue Airways stock traded up $0.10 during midday trading on Friday, reaching $5.60. 26,737,657 shares of the company's stock were exchanged, compared to its average volume of 16,778,519. The stock's 50-day simple moving average is $6.87 and its 200 day simple moving average is $6.61. 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 has a market cap of $1.98 billion, a price-to-earnings ratio of -2.39 and a beta of 1.80. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week high of $8.31.

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JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm earned ($0.19) earnings per share. On average, analysts expect that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways 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 sale, the chief financial officer now owns 41,833 shares of the company's stock, valued at approximately $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. Company insiders own 1.18% of the company's stock.

Analyst Ratings Changes

JBLU has been the topic of several research analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna dropped their price target on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a "buy" rating to a "hold" rating and dropped their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Barclays raised their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of "Hold" and a consensus target price of $6.33.

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.