Y Intercept Hong Kong Ltd Buys New Shares in JetBlue Airways Co. (NASDAQ:JBLU)

Y Intercept Hong Kong Ltd purchased a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 300,788 shares of the transportation company's stock, valued at approximately $1,973,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of JetBlue Airways as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBLU. Smith Anglin Financial LLC boosted its stake 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 valued at $91,000 after purchasing an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC boosted its position in JetBlue Airways by 9.9% in 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 in the last quarter. Jeppson Wealth Management LLC grew 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 worth $90,000 after buying an additional 1,850 shares during the last quarter. Bogart Wealth LLC increased its holdings 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 buying an additional 4,000 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of JetBlue Airways in the third quarter valued at approximately $28,000. Institutional investors own 83.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JBLU shares. Citigroup increased their target price on JetBlue Airways from $6.00 to $7.75 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $3.00 to $6.00 in a research report on Monday, September 9th. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. Susquehanna increased their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group restated a "sell" rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $6.57.

JetBlue Airways Trading Up 11.1 %

NASDAQ:JBLU traded up $0.75 on Wednesday, reaching $7.53. The company's stock had a trading volume of 29,226,445 shares, compared to its average volume of 16,050,472. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.07. The business's 50-day moving average price is $6.58 and its two-hundred day moving average price is $5.97. The firm has a market cap of $2.61 billion, a PE ratio of -2.99 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.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. Equities research analysts anticipate that JetBlue Airways Co. will post -0.92 earnings per share for the current fiscal year.

About JetBlue Airways

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.