650,000 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by RBF Capital LLC

RBF Capital LLC purchased a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 650,000 shares of the transportation company's stock, valued at approximately $4,264,000. RBF Capital LLC owned 0.19% of JetBlue Airways as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Redwood Investment Management LLC boosted its position in JetBlue Airways by 7.5% during the third quarter. Redwood Investment Management LLC now owns 532,915 shares of the transportation company's stock valued at $3,421,000 after buying an additional 37,147 shares during the period. Point72 DIFC Ltd boosted its position in JetBlue Airways by 524.8% during the third quarter. Point72 DIFC Ltd now owns 49,639 shares of the transportation company's stock valued at $326,000 after buying an additional 41,694 shares during the period. Prentice Capital Management LP purchased a new stake in JetBlue Airways during the third quarter valued at about $658,000. HighTower Advisors LLC boosted its position in JetBlue Airways by 399.6% during the third quarter. HighTower Advisors LLC now owns 107,246 shares of the transportation company's stock valued at $704,000 after buying an additional 85,781 shares during the period. Finally, Centiva Capital LP purchased a new stake in JetBlue Airways during the third quarter valued at about $1,378,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Price Performance

NASDAQ JBLU traded down $0.03 on Thursday, reaching $6.53. The company had a trading volume of 13,043,928 shares, compared to its average volume of 15,878,448. JetBlue Airways Co. has a 12 month low of $4.49 and a 12 month high of $8.07. The firm's 50 day moving average price is $6.55 and its 200 day moving average price is $5.93. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the company posted ($0.39) EPS. The business's revenue was up .5% on a year-over-year basis. Equities research analysts predict that JetBlue Airways Co. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. Citigroup upped their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. UBS Group reissued a "sell" rating and issued a $5.00 price target on shares of JetBlue Airways in a research note on Tuesday, November 26th. The Goldman Sachs Group reiterated a "sell" rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Finally, Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.43.

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.