JetBlue Airways Co. (NASDAQ:JBLU) Director Purchases $614,000.00 in Stock

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) Director Nik Mittal purchased 100,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

JetBlue Airways Trading Down 2.8 %

JBLU stock traded down $0.19 during midday trading on Monday, reaching $6.48. 17,948,134 shares of the company's stock traded hands, compared to its average volume of 24,895,619. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.31. The business has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $6.44. The company has a market capitalization of $2.25 billion, a P/E ratio of -2.77 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating 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 9.29%. During the same quarter last year, the business posted ($0.19) EPS. Equities research analysts forecast that JetBlue Airways Co. will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently modified their holdings of JBLU. Creative Planning lifted its position in JetBlue Airways by 46.9% during the 2nd quarter. Creative Planning now owns 84,062 shares of the transportation company's stock worth $512,000 after acquiring an additional 26,834 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of JetBlue Airways during the third quarter worth $168,000. CWM LLC boosted its stake in shares of JetBlue Airways by 45.9% in the third quarter. CWM LLC now owns 45,731 shares of the transportation company's stock valued at $300,000 after purchasing an additional 14,383 shares during the period. Resonant Capital Advisors LLC acquired a new stake in JetBlue Airways during the 3rd quarter valued at $67,000. Finally, Jade Capital Advisors LLC increased its stake in JetBlue Airways by 800.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company's stock worth $2,952,000 after buying an additional 400,000 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Susquehanna decreased their price target 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, Bank of America reiterated an "underperform" rating and issued a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.51.

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.