Verition Fund Management LLC Raises Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Verition Fund Management LLC increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 78.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 406,523 shares of the transportation company's stock after purchasing an additional 178,913 shares during the quarter. Verition Fund Management LLC owned 0.12% of JetBlue Airways worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in JetBlue Airways by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after purchasing an additional 521,767 shares in the last quarter. American Century Companies Inc. lifted its stake in JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock worth $48,970,000 after acquiring an additional 1,135,217 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock valued at $37,141,000 after acquiring an additional 663,865 shares during the period. Point72 Asset Management L.P. grew its position in JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock valued at $9,930,000 after acquiring an additional 1,430,622 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in JetBlue Airways by 5.4% during the third quarter. Empowered Funds LLC now owns 1,289,237 shares of the transportation company's stock worth $8,457,000 after purchasing an additional 65,660 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Trading Down 1.4 %

Shares of NASDAQ:JBLU traded down $0.09 during trading on Thursday, reaching $6.47. The company had a trading volume of 18,688,037 shares, compared to its average volume of 15,909,533. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two 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 stock's fifty day moving average price is $6.55 and its 200 day moving average price is $5.93.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.39) EPS. Analysts anticipate that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and raised their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Barclays boosted their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, November 14th. UBS Group reiterated a "sell" rating and issued a $5.00 price target on shares of JetBlue Airways in a research note on Tuesday, November 26th. Susquehanna boosted their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Finally, Citigroup increased their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $6.43.

About JetBlue Airways

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.