Moors & Cabot Inc. Purchases 14,250 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Moors & Cabot Inc. raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 57.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,000 shares of the transportation company’s stock after purchasing an additional 14,250 shares during the quarter. Moors & Cabot Inc.’s holdings in JetBlue Airways were worth $307,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JBLU. JPMorgan Chase & Co. grew its stake in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the period. SG Americas Securities LLC lifted its position in shares of JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after buying an additional 1,444,491 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 18.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock valued at $52,864,000 after buying an additional 1,063,929 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of JetBlue Airways by 429.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock valued at $8,084,000 after buying an additional 999,713 shares in the last quarter. Finally, RBF Capital LLC purchased a new position in shares of JetBlue Airways during the 3rd quarter valued at about $4,264,000. 83.71% of the stock is currently owned by institutional investors.

Insider Transactions at JetBlue Airways

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

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of analyst reports. UBS Group lowered their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Susquehanna lowered their price target on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price target for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Finally, Citigroup boosted their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Five equities research 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 currently has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU opened at $5.60 on Friday. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week high of $8.31. The stock has a market capitalization of $1.98 billion, a P/E ratio of -2.39 and a beta of 1.80. The firm has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $6.63. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping 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 company posted ($0.19) earnings per share. On average, analysts expect that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

JetBlue Airways Company 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.