XTX Topco Ltd Buys 69,584 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

XTX Topco Ltd increased its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 186.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,910 shares of the transportation company's stock after acquiring an additional 69,584 shares during the period. XTX Topco Ltd's holdings in JetBlue Airways were worth $701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new stake in shares of JetBlue Airways in the 3rd quarter worth $1,761,000. Stifel Financial Corp lifted its position in shares of JetBlue Airways by 21.4% during the 3rd quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company's stock worth $3,444,000 after buying an additional 92,468 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of JetBlue Airways in the third quarter valued at approximately $1,440,000. RBF Capital LLC bought a new position in shares of JetBlue Airways in the third quarter valued at approximately $4,264,000. Finally, Redwood Investment Management LLC lifted its holdings in JetBlue Airways by 7.5% during the third quarter. Redwood Investment Management LLC now owns 532,915 shares of the transportation company's stock worth $3,421,000 after acquiring an additional 37,147 shares during the period. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Price Performance

JBLU stock traded down $0.29 during mid-day trading on Thursday, reaching $7.24. 16,862,034 shares of the company traded hands, compared to its average volume of 16,050,986. JetBlue Airways Co. has a 52-week low of $4.49 and a 52-week high of $8.07. The company has a market capitalization of $2.51 billion, a P/E ratio of -2.99 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a fifty day moving average price of $6.58 and a 200-day moving average price of $5.97.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research report on Thursday, October 3rd. Citigroup raised their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, November 14th. Finally, Susquehanna increased their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.57.

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.