Quadrature Capital Ltd Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Quadrature Capital Ltd purchased a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 140,336 shares of the transportation company’s stock, valued at approximately $1,041,000.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of JetBlue Airways by 9.2% during the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after buying an additional 3,099,071 shares during the period. U S Global Investors Inc. increased its stake in shares of JetBlue Airways by 24.2% during the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after buying an additional 1,903,910 shares during the period. Donald Smith & CO. Inc. increased its stake in shares of JetBlue Airways by 12.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,450,690 shares of the transportation company’s stock valued at $69,101,000 after buying an additional 1,354,786 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $7,475,000. Finally, Allianz Asset Management GmbH boosted its position in shares of JetBlue Airways by 70.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,366,548 shares of the transportation company’s stock valued at $13,134,000 after purchasing an additional 975,736 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JBLU shares. Citigroup dropped their price target on JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 29th. Susquehanna lifted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. TD Cowen dropped their price target on JetBlue Airways from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Barclays dropped their price target on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways currently has an average rating of “Hold” and an average target price of $5.55.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU traded up $0.18 during midday trading on Friday, reaching $6.21. 10,897,565 shares of the company’s stock traded hands, compared to its average volume of 9,712,888. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -2.51 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $7.97. The stock has a 50 day moving average of $5.76 and a 200 day moving average of $6.13.

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.