121,032 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd bought a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 121,032 shares of the transportation company's stock, valued at approximately $794,000. JetBlue Airways accounts for 1.5% of Privium Fund Management UK Ltd's investment portfolio, making the stock its 3rd largest holding.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company's stock worth $277,336,000 after acquiring an additional 317,263 shares in the last quarter. Dimensional Fund Advisors LP grew its position in JetBlue Airways by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after acquiring an additional 521,767 shares during the last quarter. Donald Smith & CO. Inc. grew its position in JetBlue Airways by 6.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company's stock worth $98,360,000 after acquiring an additional 805,404 shares during the last quarter. American Century Companies Inc. grew its position in JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock worth $48,970,000 after acquiring an additional 1,135,217 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock worth $9,930,000 after acquiring an additional 1,430,622 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several research analyst reports. Bank of America upgraded JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their target price for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Susquehanna increased their price objective on JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Evercore ISI increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. TD Cowen raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Finally, Citigroup raised their price target on JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.31.

JetBlue Airways Trading Up 10.0 %

JBLU stock traded up $0.63 during mid-day trading on Wednesday, reaching $6.95. The company had a trading volume of 36,073,245 shares, compared to its average volume of 15,749,632. 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 firm has a 50 day moving average of $6.34 and a 200 day moving average of $5.88. JetBlue Airways Co. has a 12 month low of $4.09 and a 12 month high of $8.07.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned ($0.39) earnings per share. Research analysts anticipate that JetBlue Airways Co. will post -0.94 earnings per share for the current fiscal year.

JetBlue Airways Company 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.