Jade Capital Advisors LLC Has $2.95 Million Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Jade Capital Advisors LLC lifted its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 800.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the transportation company's stock after purchasing an additional 400,000 shares during the quarter. JetBlue Airways comprises about 1.9% of Jade Capital Advisors LLC's investment portfolio, making the stock its 16th largest holding. Jade Capital Advisors LLC owned 0.13% of JetBlue Airways worth $2,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smith Anglin Financial LLC lifted its holdings in JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company's stock valued at $91,000 after acquiring an additional 1,763 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in JetBlue Airways by 9.9% during the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company's stock worth $121,000 after buying an additional 1,788 shares during the period. PDS Planning Inc raised its holdings in JetBlue Airways by 18.2% during the 1st quarter. PDS Planning Inc now owns 13,947 shares of the transportation company's stock worth $103,000 after buying an additional 2,148 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in JetBlue Airways by 3.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company's stock worth $324,000 after buying an additional 2,178 shares during the period. Finally, GAMMA Investing LLC raised its holdings in JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock worth $28,000 after buying an additional 2,377 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 2.5 %

NASDAQ:JBLU traded down $0.19 during mid-day trading on Tuesday, reaching $7.37. The stock had a trading volume of 18,453,104 shares, compared to its average volume of 15,374,460. The business's 50 day moving average is $5.87 and its 200 day moving average is $5.92. JetBlue Airways Co. has a fifty-two week low of $3.42 and a fifty-two week high of $8.07. The stock has a market cap 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 1.86, a current ratio of 0.54 and a quick ratio of 0.50.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.26. The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The company's revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, sell-side analysts predict that JetBlue Airways Co. will post -0.91 earnings per share for the current year.

Analyst Ratings Changes

JBLU has been the topic of several recent analyst reports. Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. StockNews.com upgraded JetBlue Airways to a "sell" rating in a report on Friday, October 11th. Citigroup upped their target price on JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a report on Tuesday. TD Cowen upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a report on Friday, September 6th. Finally, Susquehanna upped their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.98.

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.