Blueshift Asset Management LLC Grows Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Blueshift Asset Management LLC boosted its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 476.0% during the 4th quarter, HoldingsChannel reports. The firm owned 80,159 shares of the transportation company’s stock after buying an additional 66,243 shares during the period. Blueshift Asset Management LLC’s holdings in JetBlue Airways were worth $630,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways during the 3rd quarter worth $28,000. Blue Trust Inc. boosted its position in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways during the 4th quarter valued at $40,000. Bogart Wealth LLC boosted its position in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 2,850 shares in the last quarter. Finally, R Squared Ltd bought a new stake in JetBlue Airways during the 4th quarter valued at $58,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.49 on Friday. The stock has a 50-day simple moving average of $6.67 and a two-hundred day simple moving average of $6.63. The firm has a market capitalization of $1.94 billion, a P/E ratio of -2.35 and a beta of 1.80. JetBlue Airways Co. has a fifty-two week low of $4.50 and a fifty-two week high of $8.31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating 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 period last year, the firm posted ($0.19) earnings per share. On average, equities analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Activity at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nik Mittal acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Susquehanna lowered their price objective on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Citigroup raised their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, UBS Group reduced their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.33.

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.