Inceptionr LLC Buys Shares of 27,797 JetBlue Airways Co. (NASDAQ:JBLU)

Inceptionr LLC bought a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, HoldingsChannel.com reports. The fund bought 27,797 shares of the transportation company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its stake in JetBlue Airways by 6.4% in the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 1,823 shares during the period. Jeppson Wealth Management LLC boosted its stake in JetBlue Airways by 15.7% in the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 1,850 shares during the period. Blue Trust Inc. boosted its stake in JetBlue Airways by 130.8% in the fourth 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 during the period. Bogart Wealth LLC boosted 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 acquiring an additional 2,850 shares during the period. Finally, GAMMA Investing LLC boosted its stake in 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 acquiring an additional 3,857 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $5.51 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The company’s 50-day moving average price is $7.00 and its two-hundred day moving average price is $6.62. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week high of $8.31. The stock has a market cap of $1.95 billion, a PE ratio of -2.35 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping the consensus estimate 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 firm earned ($0.19) EPS. As a group, sell-side analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBLU. Bank of America restated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Citigroup boosted 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. Susquehanna reduced 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. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and an average price target of $6.33.

Insiders Place Their Bets

In related news, Director Nik Mittal acquired 100,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

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.