National Bank of Canada FI Buys 999,819 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

National Bank of Canada FI increased its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 117,903.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,000,667 shares of the transportation company’s stock after acquiring an additional 999,819 shares during the quarter. National Bank of Canada FI’s holdings in JetBlue Airways were worth $7,865,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its position in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after acquiring an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in JetBlue Airways during the 4th quarter worth approximately $40,000. Bogart Wealth LLC boosted its stake in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd acquired a new position in JetBlue Airways in the 4th quarter valued at $58,000. Finally, GAMMA Investing LLC increased its position in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after buying an additional 3,857 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $3.94 on Friday. The business has a fifty day simple moving average of $6.07 and a 200 day simple moving average of $6.60. The company has a market cap of $1.39 billion, a P/E ratio of -1.68 and a beta of 1.80. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a twelve month low of $3.62 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the company posted ($0.19) EPS. On average, sell-side analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nik Mittal bought 100,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares of the company’s stock, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s 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 sale, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JBLU. Bank of America reduced their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. UBS Group lowered their target price on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $6.12.

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.