Entropy Technologies LP Purchases New Shares in JetBlue Airways Co. (NASDAQ:JBLU)

Entropy Technologies LP purchased a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 100,148 shares of the transportation company’s stock, valued at approximately $787,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in shares of JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in JetBlue Airways in the 3rd quarter worth about $28,000. Blue Trust Inc. boosted its position 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 acquiring an additional 2,538 shares during the period. R Squared Ltd purchased a new position in JetBlue Airways during the 4th quarter valued at about $58,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of JetBlue Airways in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Buying and Selling

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on JBLU shares. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Bank of America reissued an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Susquehanna dropped their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Barclays lifted their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.51.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $6.35 on Wednesday. The business’s 50-day simple moving average is $7.24 and its 200-day simple moving average is $6.45. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways Co. has a 52 week low of $4.49 and a 52 week high of $8.31. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -2.71 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same quarter in the prior year, the firm earned ($0.19) EPS. As a group, equities research analysts expect that JetBlue Airways Co. will post -0.58 earnings per share for the current fiscal year.

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.