Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 843,728 JetBlue Airways Co. (NASDAQ:JBLU)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 843,728 shares of the transportation company's stock, valued at approximately $6,632,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.24% of JetBlue Airways as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Essential Planning LLC. purchased a new stake in shares of JetBlue Airways during the 4th quarter worth approximately $639,000. Moors & Cabot Inc. increased its stake in JetBlue Airways by 57.6% in the 4th quarter. Moors & Cabot Inc. now owns 39,000 shares of the transportation company's stock valued at $307,000 after buying an additional 14,250 shares during the period. Wealthfront Advisers LLC acquired a new position in JetBlue Airways in the 4th quarter valued at $421,000. Amundi grew its stake in shares of JetBlue Airways by 195.6% during the 4th quarter. Amundi now owns 149,506 shares of the transportation company's stock worth $1,151,000 after purchasing an additional 98,927 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of JetBlue Airways during the 4th quarter worth $218,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Transactions at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nik Mittal acquired 100,000 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.18% of the company's stock.

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JetBlue Airways Trading Up 2.2 %

NASDAQ:JBLU traded up $0.12 on Wednesday, reaching $5.66. The stock had a trading volume of 17,618,771 shares, compared to its average volume of 16,806,869. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -2.42 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The firm's fifty day moving average is $6.75 and its two-hundred day moving average is $6.65. JetBlue Airways Co. has a 12-month low of $4.50 and a 12-month high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share 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 last year, the company posted ($0.19) EPS. Equities analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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. Susquehanna lowered their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Bank of America reissued an "underperform" rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. UBS Group lowered their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.