Invesco Ltd. Grows Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Invesco Ltd. increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,069,110 shares of the transportation company's stock after purchasing an additional 571,348 shares during the period. Invesco Ltd. owned approximately 1.17% of JetBlue Airways worth $31,983,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. 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 position in shares of JetBlue Airways during the fourth quarter worth approximately $40,000. Bogart Wealth LLC grew its position in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd bought a new stake in JetBlue Airways during the 4th quarter valued at $58,000. Finally, GAMMA Investing LLC raised its holdings in JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after buying an additional 3,857 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 2.2 %

Shares of NASDAQ JBLU traded down $0.08 on Monday, reaching $3.59. 16,839,541 shares of the company's stock traded hands, compared to its average volume of 18,609,040. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The business's 50 day simple moving average is $5.43 and its two-hundred day simple moving average is $6.40. JetBlue Airways Co. has a 12 month low of $3.34 and a 12 month high of $8.31. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -1.53 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping 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 9.31%. During the same period in the previous year, the business posted ($0.19) EPS. As a group, equities research analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the company'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 completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nik Mittal bought 100,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now 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. Company insiders own 1.18% of the company's stock.

Wall Street Analyst Weigh In

JBLU has been the topic of several recent research reports. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. UBS Group cut their target price on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Bank of America dropped their price objective on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays cut their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, JetBlue Airways currently has an average rating of "Hold" and a consensus price target of $5.17.

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.