Rockefeller Capital Management L.P. Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Rockefeller Capital Management L.P. acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 428,218 shares of the transportation company's stock, valued at approximately $2,809,000. Rockefeller Capital Management L.P. owned approximately 0.12% of JetBlue Airways at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBLU. Smith Anglin Financial LLC boosted its position in shares of JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company's stock worth $91,000 after purchasing an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC raised its stake in JetBlue Airways by 9.9% during the second quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company's stock valued at $121,000 after buying an additional 1,788 shares during the last quarter. Jeppson Wealth Management LLC raised its stake in JetBlue Airways by 15.7% during the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company's stock valued at $90,000 after buying an additional 1,850 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 2,993 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 1,951.2% in 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. Hedge funds and other institutional investors own 83.71% of the company's stock.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU traded up $0.17 during midday trading on Friday, hitting $6.59. 18,241,760 shares of the stock traded hands, compared to its average volume of 15,941,604. The firm has a market capitalization of $2.29 billion, a P/E ratio of -2.62 and a beta of 1.92. JetBlue Airways Co. has a one year low of $4.49 and a one year high of $8.07. 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 firm has a 50-day moving average of $6.56 and a two-hundred day moving average of $5.94.

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 for the quarter, beating analysts' consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) earnings per share. On average, equities analysts forecast that JetBlue Airways Co. will post -0.92 EPS for the current fiscal year.

Analyst Ratings Changes

JBLU has been the subject of several recent analyst reports. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. StockNews.com raised shares of JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. 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. TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Finally, Susquehanna increased their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Four equities research 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 stock currently has a consensus rating of "Hold" and a consensus price target of $6.43.

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.