Quantbot Technologies LP Buys Shares of 347,496 JetBlue Airways Corporation $JBLU

Quantbot Technologies LP bought a new stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 347,496 shares of the transportation company’s stock, valued at approximately $1,991,000. Quantbot Technologies LP owned about 0.09% of JetBlue Airways as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its stake in shares of JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after buying an additional 3,373 shares during the last quarter. Trust Co. of Vermont purchased a new position in JetBlue Airways during the second quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after acquiring an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $30,000. Finally, Leonteq Securities AG purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $32,000. 83.71% of the stock is owned by institutional investors.

Insider Buying and Selling at JetBlue Airways

In related news, Director Vivek Sharma sold 32,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the completion of the sale, the director owned 35,479 shares in the company, valued at approximately $191,941.39. This represents a 47.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 77,253 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the completion of the transaction, the chief financial officer directly owned 211,099 shares in the company, valued at approximately $1,215,930.24. This represents a 26.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 111,253 shares of company stock valued at $629,597 in the last ninety days. 2.41% of the stock is currently owned by corporate insiders.

JetBlue Airways Trading Up 1.2%

NASDAQ:JBLU opened at $4.95 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. JetBlue Airways Corporation has a 12 month low of $3.87 and a 12 month high of $6.62. The company has a market cap of $1.87 billion, a PE ratio of -2.07 and a beta of 1.74. The company has a 50 day simple moving average of $5.63 and a two-hundred day simple moving average of $5.25.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. Research analysts forecast that JetBlue Airways Corporation will post -2.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

JBLU has been the subject of several recent analyst reports. Bank of America lifted their price target on JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday. TD Cowen reduced their price objective on shares of JetBlue Airways from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday. Raymond James Financial reiterated an “underperform” rating on shares of JetBlue Airways in a report on Monday, July 6th. Finally, The Goldman Sachs Group lifted their target price on JetBlue Airways from $3.50 to $4.50 and gave the stock a “sell” rating in a report on Thursday, July 2nd. Six analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $5.50.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.