JetBlue Airways Corporation $JBLU Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 72.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 839,551 shares of the transportation company’s stock after purchasing an additional 353,606 shares during the period. SG Americas Securities LLC’s holdings in JetBlue Airways were worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of JBLU. Caitong International Asset Management Co. Ltd grew its position in shares of JetBlue Airways by 639.1% during 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 during the last quarter. Bogart Wealth LLC increased its holdings in shares of JetBlue Airways by 12,727.3% in the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 7,000 shares during the period. HUB Investment Partners LLC purchased a new stake in JetBlue Airways in the 2nd quarter valued at $45,000. Forum Financial Management LP acquired a new stake in JetBlue Airways during the 3rd quarter worth $59,000. Finally, Rafferty Asset Management LLC acquired a new stake in JetBlue Airways during the 2nd quarter worth $51,000. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Down 0.7%

JBLU stock opened at $4.52 on Friday. JetBlue Airways Corporation has a one year low of $3.34 and a one year high of $6.50. The stock has a market capitalization of $1.67 billion, a PE ratio of -2.71 and a beta of 1.75. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.69 and a current ratio of 0.74. The company has a fifty day moving average of $5.08 and a 200-day moving average of $4.83.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) earnings per share. As a group, analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Susquehanna increased their target price on shares of JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Morgan Stanley lowered their price target on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd. Finally, BMO Capital Markets started coverage on JetBlue Airways in a research note on Tuesday, March 24th. They set a “market perform” rating and a $4.50 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.81.

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.