Caisse DE Depot ET Placement DU Quebec Takes Position in JetBlue Airways Corporation (JBLU)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 400,000 shares of the transportation company’s stock, valued at approximately $7,443,000. Caisse DE Depot ET Placement DU Quebec owned 0.12% of JetBlue Airways as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. World Asset Management Inc lifted its stake in JetBlue Airways by 0.7% in the 2nd quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 155 shares in the last quarter. M&T Bank Corp lifted its stake in JetBlue Airways by 0.9% in the 2nd quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after acquiring an additional 181 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in JetBlue Airways by 2.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after acquiring an additional 283 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in JetBlue Airways by 2.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 310 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in JetBlue Airways by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 140,700 shares of the transportation company’s stock valued at $3,212,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.

In related news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the sale, the chief executive officer now owns 402,362 shares in the company, valued at approximately $7,467,838.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $18.96, for a total value of $97,075.20. Following the completion of the sale, the director now owns 539,702 shares in the company, valued at approximately $10,232,749.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,285 shares of company stock worth $394,517. 0.60% of the stock is owned by company insiders.

Shares of JetBlue Airways Corporation (JBLU) opened at $22.08 on Friday. JetBlue Airways Corporation has a 12 month low of $18.05 and a 12 month high of $24.13. The stock has a market capitalization of $7,012.55, a P/E ratio of 11.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. research analysts forecast that JetBlue Airways Corporation will post 1.74 earnings per share for the current year.

Several equities research analysts have commented on JBLU shares. Stephens started coverage on JetBlue Airways in a research note on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 target price on the stock. Cowen restated a “hold” rating on shares of JetBlue Airways in a research note on Friday, September 1st. Zacks Investment Research cut JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Deutsche Bank upped their price objective on JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Macquarie started coverage on JetBlue Airways in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.02.

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JetBlue Airways Profile

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.

Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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