National Bank of Canada FI Grows Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

National Bank of Canada FI increased its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 117,903.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000,667 shares of the transportation company's stock after purchasing an additional 999,819 shares during the quarter. National Bank of Canada FI owned approximately 0.29% of JetBlue Airways worth $7,865,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after buying an additional 2,584,350 shares during the period. Norges Bank bought a new stake in shares of JetBlue Airways in the 4th quarter valued at about $14,624,000. SG Americas Securities LLC lifted its position in shares of JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock worth $11,555,000 after purchasing an additional 1,444,491 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock valued at $52,864,000 after purchasing an additional 1,063,929 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in JetBlue Airways in the fourth quarter worth approximately $6,632,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America reduced their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Susquehanna lowered their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Finally, Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research note on Monday. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.45.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock traded down $0.52 during trading on Thursday, hitting $3.77. 11,659,490 shares of the company's stock were exchanged, compared to its average volume of 18,147,556. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -1.61 and a beta of 1.69. The business has a 50-day simple moving average of $5.80 and a 200-day simple moving average of $6.53. JetBlue Airways Co. has a 52-week low of $3.47 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the company posted ($0.19) earnings per share. On average, research analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Buying and Selling at JetBlue Airways

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

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.