Privium Fund Management UK Ltd Has $891,000 Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Privium Fund Management UK Ltd decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,622 shares of the transportation company’s stock after selling 7,410 shares during the quarter. JetBlue Airways accounts for approximately 0.7% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 9th biggest holding. Privium Fund Management UK Ltd’s holdings in JetBlue Airways were worth $891,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. SG Americas Securities LLC grew its holdings in JetBlue Airways by 5,648.9% during the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after buying an additional 1,444,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in JetBlue Airways by 18.8% in 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 during the last quarter. BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 999,713 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in JetBlue Airways during the 4th quarter worth $6,632,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at JetBlue Airways

In related news, Director Nik Mittal purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.54 on Wednesday. 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 firm has a market cap of $1.96 billion, a PE ratio of -2.37 and a beta of 1.80. JetBlue Airways Co. has a 1 year low of $4.50 and a 1 year high of $8.31. The stock’s fifty day moving average price is $6.75 and its two-hundred day moving average price is $6.65.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the previous year, the company posted ($0.19) EPS. On average, equities research analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current 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.