55,017 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,017 shares of the transportation company's stock, valued at approximately $432,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new stake in shares of JetBlue Airways in the fourth quarter valued at about $787,000. Raymond James Financial Inc. acquired a new position in JetBlue Airways in the 4th quarter valued at about $1,796,000. Intech Investment Management LLC raised its stake in JetBlue Airways by 71.7% during the 4th quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company's stock valued at $936,000 after acquiring an additional 49,712 shares during the last quarter. Empowered Funds LLC grew its stake in shares of JetBlue Airways by 8.3% in the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company's stock valued at $10,977,000 after purchasing an additional 107,293 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of JetBlue Airways in the 4th quarter valued at approximately $421,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

JetBlue Airways Price Performance

Shares of JBLU traded down $0.23 on Friday, reaching $3.94. The stock had a trading volume of 51,212,294 shares, compared to its average volume of 17,811,977. The firm has a 50-day moving average of $6.07 and a 200 day moving average of $6.61. The firm has a market capitalization of $1.40 billion, a PE ratio of -1.68 and a beta of 1.69. JetBlue Airways Co. has a twelve month low of $3.62 and a twelve month high of $8.31. 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 (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate 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 period last year, the business earned ($0.19) EPS. Sell-side analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JBLU shares. Bank of America decreased their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a "buy" rating to a "hold" rating and lowered their target price for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Susquehanna cut their price target 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. Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $6.12.

Insider Buying and Selling at JetBlue Airways

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