HighTower Advisors LLC Raises Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

HighTower Advisors LLC lifted its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 399.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,246 shares of the transportation company's stock after buying an additional 85,781 shares during the quarter. HighTower Advisors LLC's holdings in JetBlue Airways were worth $704,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JBLU. Nisa Investment Advisors LLC raised its stake in JetBlue Airways by 9.0% during the second quarter. Nisa Investment Advisors LLC now owns 52,628 shares of the transportation company's stock valued at $321,000 after buying an additional 4,355 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in JetBlue Airways in the 2nd quarter worth about $63,000. Louisiana State Employees Retirement System grew its position in JetBlue Airways by 3.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 171,100 shares of the transportation company's stock valued at $1,042,000 after purchasing an additional 6,000 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in JetBlue Airways in the second quarter worth about $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of JetBlue Airways by 60.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,193 shares of the transportation company's stock worth $227,000 after buying an additional 14,021 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, November 14th. UBS Group reaffirmed a "sell" rating and set a $5.00 price target on shares of JetBlue Airways in a report on Tuesday, November 26th. Citigroup lifted their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a report on Wednesday. Evercore ISI upped their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Finally, Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, JetBlue Airways has a consensus rating of "Hold" and a consensus target price of $6.55.

JetBlue Airways Stock Performance

JetBlue Airways stock traded up $0.29 during trading on Thursday, reaching $7.29. The company had a trading volume of 14,328,125 shares, compared to its average volume of 16,044,854. The firm's 50-day simple moving average is $6.59 and its 200 day simple moving average is $6.03. JetBlue Airways Co. has a 52 week low of $4.49 and a 52 week high of $8.07. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -2.89 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.39) earnings per share. Sell-side analysts forecast that JetBlue Airways Co. will post -0.89 earnings per share for the current fiscal year.

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.