Cookson Peirce & Co. Inc. Takes $393,000 Position in JetBlue Airways Co. (NASDAQ:JBLU)

Cookson Peirce & Co. Inc. bought a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,013 shares of the transportation company's stock, valued at approximately $393,000.

Several other large investors have also added to or reduced their stakes in JBLU. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways in the third quarter worth about $28,000. Blue Trust Inc. lifted its position in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in JetBlue Airways in the 4th quarter worth $40,000. Bogart Wealth LLC boosted its stake in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after purchasing an additional 2,850 shares during the period. Finally, R Squared Ltd bought a new position in shares of JetBlue Airways during the 4th quarter valued at about $58,000. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Stock Down 9.7 %

JetBlue Airways stock traded down $0.59 during mid-day trading on Monday, hitting $5.52. The company had a trading volume of 33,161,046 shares, compared to its average volume of 16,551,890. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 1 year low of $4.50 and a 1 year high of $8.31. The business has a fifty day moving average of $7.05 and a 200 day moving average of $6.61. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -2.36 and a beta of 1.80.

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

Analyst Upgrades and Downgrades

JBLU has been the subject of several recent analyst reports. Barclays lifted their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, November 14th. 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. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a "buy" rating to a "hold" rating and cut their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Citigroup increased their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. Finally, Bank of America restated an "underperform" rating and issued a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $6.33.

Insiders Place Their Bets

In related news, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nik Mittal acquired 100,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade 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 corporate 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.