Quinn Opportunity Partners LLC Acquires 171,696 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Quinn Opportunity Partners LLC grew its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 115.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,000 shares of the transportation company's stock after purchasing an additional 171,696 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.09% of JetBlue Airways worth $2,515,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways during the fourth quarter valued at $40,000. Bogart Wealth LLC grew its position in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after acquiring an additional 2,850 shares during the last quarter. R Squared Ltd bought a new position in JetBlue Airways in the 4th quarter valued at about $58,000. Finally, GAMMA Investing LLC raised its holdings in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after buying an additional 3,857 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Insider Activity

In other JetBlue Airways news, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares of the company's stock, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently commented on JBLU. UBS Group dropped their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Susquehanna reduced their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a "buy" rating to a "hold" rating and cut their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Citigroup dropped their price target on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a research note on Friday. Finally, Bank of America cut their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.17.

JetBlue Airways Price Performance

JetBlue Airways stock traded down $0.01 during trading on Monday, reaching $3.70. The company had a trading volume of 22,072,373 shares, compared to its average volume of 18,329,266. The firm has a market capitalization of $1.31 billion, a PE ratio of -1.58 and a beta of 1.69. The firm's 50-day simple moving average is $5.71 and its 200 day simple moving average is $6.50. JetBlue Airways Co. has a 1-year low of $3.47 and a 1-year 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 earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) 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 period last year, the firm earned ($0.19) earnings per share. As a group, equities research analysts anticipate that JetBlue Airways Co. will post -0.69 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.