Invesco Ltd. Has $5.09 Million Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

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Invesco Ltd. increased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 34.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 275,481 shares of the transportation company’s stock after purchasing an additional 70,283 shares during the quarter. Invesco Ltd. owned approximately 0.09% of JetBlue Airways worth $5,093,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its holdings in JetBlue Airways by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 34,310 shares of the transportation company’s stock worth $634,000 after purchasing an additional 655 shares during the last quarter. OLD National Bancorp IN boosted its holdings in JetBlue Airways by 4.6% during the second quarter. OLD National Bancorp IN now owns 15,850 shares of the transportation company’s stock worth $293,000 after purchasing an additional 700 shares during the last quarter. MML Investors Services LLC boosted its holdings in JetBlue Airways by 2.2% during the second quarter. MML Investors Services LLC now owns 32,545 shares of the transportation company’s stock worth $602,000 after purchasing an additional 701 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in JetBlue Airways by 2.9% during the second quarter. United Capital Financial Advisers LLC now owns 31,063 shares of the transportation company’s stock worth $574,000 after purchasing an additional 867 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its holdings in JetBlue Airways by 0.5% during the first quarter. MetLife Investment Advisors LLC now owns 186,854 shares of the transportation company’s stock worth $3,057,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $17.02, for a total value of $42,550.00. Following the sale, the chief executive officer now owns 470,893 shares of the company’s stock, valued at $8,014,598.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP George Martin J. St sold 1,500 shares of JetBlue Airways stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. Following the completion of the sale, the executive vice president now directly owns 44,228 shares in the company, valued at approximately $807,161. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,835 shares of company stock worth $220,545. Insiders own 0.79% of the company’s stock.

Shares of JBLU stock opened at $16.85 on Friday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51. JetBlue Airways Co. has a 52 week low of $15.19 and a 52 week high of $19.83. The firm’s 50-day simple moving average is $16.91 and its two-hundred day simple moving average is $17.86.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. JetBlue Airways had a net margin of 5.53% and a return on equity of 11.35%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Analysts forecast that JetBlue Airways Co. will post 1.9 earnings per share for the current year.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. TheStreet cut shares of JetBlue Airways from a “b” rating to a “c+” rating in a report on Wednesday, August 28th. Imperial Capital restated an “outperform” rating and set a $26.00 price target (up from $24.00) on shares of JetBlue Airways in a report on Thursday, June 20th. Zacks Investment Research upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Monday, September 2nd. Finally, Cowen cut their price target on shares of JetBlue Airways from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.61.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading: Special Dividends

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

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