Dimensional Fund Advisors LP Has $108.88 Million Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Dimensional Fund Advisors LP increased its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,878,115 shares of the transportation company's stock after acquiring an additional 521,767 shares during the period. Dimensional Fund Advisors LP owned approximately 5.26% of JetBlue Airways worth $108,875,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways in the 1st quarter worth about $25,000. Trust Co. of Vermont bought a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC grew its position in JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock valued at $28,000 after acquiring an additional 2,377 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of JetBlue Airways in the 1st quarter valued at $30,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of JetBlue Airways during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBLU. Bank of America raised 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 report on Monday, September 9th. TD Cowen upped their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Finally, Citigroup raised their target price on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, six have given 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 an average target price of $6.00.

JetBlue Airways Price Performance

NASDAQ JBLU traded up $0.28 on Tuesday, hitting $6.01. 10,110,535 shares of the company's stock were exchanged, compared to its average volume of 15,313,415. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $7.58. The stock has a 50-day moving average of $5.50 and a 200-day moving average of $5.95. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -2.32 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business's revenue for the quarter was down 8.0% on a year-over-year basis. Analysts expect that JetBlue Airways Co. will post -0.99 earnings per share for the current year.

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.