Intech Investment Management LLC Buys 49,712 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Intech Investment Management LLC grew its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,072 shares of the transportation company's stock after purchasing an additional 49,712 shares during the period. Intech Investment Management LLC's holdings in JetBlue Airways were worth $936,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in JetBlue Airways in the 3rd quarter valued at $28,000. Blue Trust Inc. grew its position in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways during the fourth quarter worth about $40,000. Bogart Wealth LLC raised its position in JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after acquiring an additional 2,850 shares during the period. Finally, R Squared Ltd purchased a new position in JetBlue Airways in the fourth quarter valued at about $58,000. 83.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company's stock, valued at $714,960.02. This represents a 608.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

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JetBlue Airways Price Performance

Shares of NASDAQ JBLU traded down $0.14 during mid-day trading on Wednesday, reaching $5.42. 16,961,034 shares of the company were exchanged, compared to its average volume of 16,969,959. The stock has a market capitalization of $1.91 billion, a PE ratio of -2.32 and a beta of 1.80. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week high of $8.31. The company's 50 day moving average price is $6.54 and its 200 day moving average price is $6.66.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results 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 9.31%. During the same quarter in the previous year, the company earned ($0.19) EPS. Sell-side analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on JBLU shares. Bank of America reaffirmed an "underperform" rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Morgan Stanley reiterated an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. UBS Group decreased their price objective on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Susquehanna cut their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $6.33.

JetBlue Airways 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.