one8zero8 LLC Buys Shares of 25,000 JetBlue Airways Co. (NASDAQ:JBLU)

one8zero8 LLC bought a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, Holdings Channel.com reports. The fund bought 25,000 shares of the transportation company’s stock, valued at approximately $196,000.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways during the third quarter worth $28,000. Blue Trust Inc. increased its position in shares of JetBlue Airways by 130.8% during the fourth 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 in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways during the fourth quarter worth $40,000. Bogart Wealth LLC increased its position in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after acquiring an additional 2,850 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of JetBlue Airways during the fourth quarter worth $58,000. Institutional investors own 83.71% of the company’s stock.

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 transaction 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 filing with the SEC, which can be accessed through this link. Also, Director Nik Mittal bought 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JBLU has been the subject of several research reports. Bank of America reissued an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Susquehanna decreased their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $5.67 on Tuesday. The stock has a market cap of $2.00 billion, a P/E ratio of -2.42 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company has a fifty day moving average price of $6.79 and a two-hundred day moving average price of $6.64. JetBlue Airways Co. has a one year low of $4.50 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (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 quarter in the previous year, the firm posted ($0.19) earnings per share. As a group, equities analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current year.

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.