First Quadrant L P CA grew its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 29.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 954,774 shares of the transportation company’s stock after purchasing an additional 218,254 shares during the period. First Quadrant L P CA owned approximately 0.29% of JetBlue Airways Corporation worth $17,692,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. TIAA FSB boosted its stake in shares of JetBlue Airways Corporation by 26.1% in the 3rd quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock valued at $4,400,000 after purchasing an additional 49,142 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of JetBlue Airways Corporation by 135.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after purchasing an additional 1,410,594 shares in the last quarter. Russell Investments Group Ltd. boosted its position in JetBlue Airways Corporation by 39.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after buying an additional 48,067 shares during the period. Mik Capital LLC boosted its position in JetBlue Airways Corporation by 91.5% during the 2nd quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock valued at $40,632,000 after buying an additional 850,419 shares during the period. Finally, Clinton Group Inc. purchased a new stake in JetBlue Airways Corporation during the 2nd quarter valued at $256,000. 85.19% of the stock is currently owned by institutional investors.
Shares of JetBlue Airways Corporation (JBLU) traded down $0.04 on Tuesday, hitting $18.95. 10,092,500 shares of the stock were exchanged, compared to its average volume of 5,940,027. JetBlue Airways Corporation has a 1 year low of $18.05 and a 1 year high of $24.13. The stock has a market capitalization of $6,080.00, a price-to-earnings ratio of 9.79 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities analysts forecast that JetBlue Airways Corporation will post 1.73 EPS for the current year.
Several equities research analysts have weighed in on the stock. BidaskClub cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Cowen and Company reaffirmed a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. J P Morgan Chase & Co cut shares of JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Wednesday, November 1st. Finally, Macquarie assumed coverage on shares of JetBlue Airways Corporation in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.02.
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In related news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40. Following the completion of the sale, the director now directly owns 549,942 shares of the company’s stock, valued at approximately $10,927,347.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $18.79, for a total value of $46,975.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,860 shares of company stock worth $474,419. Corporate insiders own 0.60% of the company’s stock.
About JetBlue Airways Corporation
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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