Entropy Technologies LP bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 100,148 shares of the transportation company's stock, valued at approximately $787,000.
Several other large investors also recently added to or reduced their stakes in JBLU. Empowered Funds LLC grew its holdings in shares of JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company's stock valued at $10,977,000 after acquiring an additional 107,293 shares in the last quarter. Spire Wealth Management grew its holdings in shares of JetBlue Airways by 175.9% during the 4th quarter. Spire Wealth Management now owns 54,470 shares of the transportation company's stock valued at $428,000 after acquiring an additional 34,729 shares in the last quarter. R Squared Ltd purchased a new position in shares of JetBlue Airways during the 4th quarter valued at $58,000. Blue Trust Inc. grew its holdings 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 acquiring an additional 2,538 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock valued at $11,555,000 after acquiring an additional 1,444,491 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price 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 of the company's stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.18% of the company's stock.
JetBlue Airways Stock Performance
Shares of JBLU traded up $0.10 during trading hours on Friday, reaching $6.78. 11,558,938 shares of the company traded hands, compared to its average volume of 26,478,670. The stock's fifty day moving average is $7.25 and its 200 day moving average is $6.46. The stock has a market cap of $2.35 billion, a P/E ratio of -2.90 and a beta of 1.83. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year 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) EPS 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 9.29%. During the same quarter last year, the company earned ($0.19) earnings per share. Equities research analysts anticipate that JetBlue Airways Co. will post -0.58 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
JBLU has been the topic of several research analyst reports. Susquehanna lowered their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. UBS Group decreased their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a report on Wednesday, January 29th. Morgan Stanley reiterated an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Citigroup upped their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Finally, Bank of America reiterated an "underperform" rating and issued a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $6.51.
Get Our Latest Analysis on JBLU
About JetBlue Airways
(
Free Report)
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.
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