Quadrature Capital Ltd bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 219,330 shares of the transportation company's stock, valued at approximately $1,440,000. Quadrature Capital Ltd owned about 0.06% of JetBlue Airways as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of JBLU. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock worth $28,000 after acquiring an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in JetBlue Airways during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in JetBlue Airways during the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 79.2% in the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company's stock worth $41,000 after buying an additional 2,993 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of JetBlue Airways during the second quarter worth $48,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently issued reports on JBLU shares. StockNews.com raised JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. Barclays increased their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, November 14th. UBS Group reaffirmed a "sell" rating and set a $5.00 target price on shares of JetBlue Airways in a report on Tuesday, November 26th. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group restated a "sell" rating and set a $5.50 price objective on shares of JetBlue Airways in a research note on Friday, November 15th. Four equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.43.
Check Out Our Latest Analysis on JBLU
JetBlue Airways Stock Performance
NASDAQ JBLU traded up $0.17 during mid-day trading on Friday, reaching $6.59. 18,264,568 shares of the stock were exchanged, compared to its average volume of 17,898,148. The company has a market capitalization of $2.29 billion, a P/E ratio of -2.62 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The business's 50 day moving average is $6.56 and its 200-day moving average is $5.94. JetBlue Airways Co. has a 1 year low of $4.49 and a 1 year high of $8.07.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted ($0.39) EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that JetBlue Airways Co. will post -0.92 EPS for the current fiscal year.
About JetBlue Airways
(
Free Report)
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.
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