19,135 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by DRW Securities LLC

DRW Securities LLC bought a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,135 shares of the transportation company’s stock, valued at approximately $150,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in shares of JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock worth $239,000 after purchasing an additional 1,823 shares during the period. Xponance Inc. increased its stake in JetBlue Airways by 10.2% during the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock worth $178,000 after purchasing an additional 2,095 shares in the last quarter. Blue Trust Inc. raised its holdings in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying an additional 2,538 shares during the period. Bogart Wealth LLC lifted its stake in JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after buying an additional 2,850 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after buying an additional 3,857 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBLU has been the topic of a number of research analyst reports. Susquehanna dropped their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Bank of America dropped their price target on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Citigroup reduced their price objective on JetBlue Airways from $7.15 to $4.25 and set a “neutral” rating for the company in a research report on Friday. Barclays dropped their target price on JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average target price of $5.17.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $3.71 on Friday. The firm’s fifty day moving average price is $5.71 and its two-hundred day moving average price is $6.50. JetBlue Airways Co. has a 1 year low of $3.47 and a 1 year high of $8.31. The firm has a market capitalization of $1.31 billion, a P/E ratio of -1.59 and a beta of 1.69. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) 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 previous year, the business posted ($0.19) EPS. As a group, research analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Buying and Selling at JetBlue Airways

In related news, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

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.