Trexquant Investment LP Acquires Shares of 180,708 JetBlue Airways Co. (NASDAQ:JBLU)

Trexquant Investment LP acquired a new stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 180,708 shares of the transportation company's stock, valued at approximately $1,420,000. Trexquant Investment LP owned 0.05% of JetBlue Airways at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in shares of JetBlue Airways by 399.6% during the third quarter. HighTower Advisors LLC now owns 107,246 shares of the transportation company's stock worth $704,000 after purchasing an additional 85,781 shares during the period. Stifel Financial Corp increased its stake in shares of JetBlue Airways by 21.4% in the 3rd quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company's stock valued at $3,444,000 after acquiring an additional 92,468 shares during the last quarter. XTX Topco Ltd increased its stake in shares of JetBlue Airways by 186.4% in the 3rd quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company's stock valued at $701,000 after acquiring an additional 69,584 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of JetBlue Airways in the 3rd quarter valued at approximately $1,973,000. Finally, Virtu Financial LLC bought a new position in JetBlue Airways during the 3rd quarter worth approximately $307,000. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Stock Down 1.1 %

JBLU traded down $0.04 during trading hours on Monday, hitting $3.67. 14,188,548 shares of the company's stock were exchanged, compared to its average volume of 18,299,574. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -1.57 and a beta of 1.69. JetBlue Airways Co. has a 1-year low of $3.47 and a 1-year high of $8.31. The stock's 50-day moving average is $5.71 and its two-hundred day moving average is $6.50. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

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JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the business posted ($0.19) EPS. Sell-side analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

JBLU has been the topic of several analyst reports. Bank of America cut their target price 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. Seaport Res Ptn lowered JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup lowered their price target on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and dropped their price target for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Susquehanna decreased their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of "Hold" and a consensus price target of $5.17.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired 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 $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

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.