Cambridge Investment Research Advisors Inc. increased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,883 shares of the transportation company’s stock after buying an additional 2,526 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in JetBlue Airways Corporation were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of JBLU. Quantbot Technologies LP bought a new position in JetBlue Airways Corporation during the first quarter worth $138,000. CENTRAL TRUST Co bought a new stake in shares of JetBlue Airways Corporation in the second quarter valued at about $162,000. IFP Advisors Inc boosted its position in shares of JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after acquiring an additional 2,117 shares during the period. Capital Management Associates NY bought a new stake in shares of JetBlue Airways Corporation in the second quarter valued at about $203,000. Finally, Lincoln National Corp bought a new stake in shares of JetBlue Airways Corporation in the second quarter valued at about $210,000. Institutional investors and hedge funds own 84.53% of the company’s stock.
In other news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $19.87, for a total value of $101,734.40. Following the transaction, the director now directly owns 549,942 shares in the company, valued at $10,927,347.54. The disclosure for this sale can be found here. Insiders sold 31,860 shares of company stock worth $683,975 over the last three months. Corporate insiders own 0.60% of the company’s stock.
A number of research analysts recently commented on JBLU shares. Cowen and Company reaffirmed a “hold” rating and issued a $21.00 price target on shares of JetBlue Airways Corporation in a research note on Friday, September 8th. Standpoint Research reaffirmed a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. ValuEngine downgraded JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Morgan Stanley lowered their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Finally, BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.77.
JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.40 on Friday. JetBlue Airways Corporation has a 12-month low of $16.81 and a 12-month high of $24.13. The firm’s 50 day moving average price is $20.57 and its 200-day moving average price is $21.42. The company has a market capitalization of $6.38 billion, a PE ratio of 9.85 and a beta of 0.59.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that JetBlue Airways Corporation will post $1.94 earnings per share for the current fiscal year.
JetBlue Airways Corporation Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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