JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC grew its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 875.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,081 shares of the transportation company’s stock after purchasing an additional 204,692 shares during the quarter. Headlands Technologies LLC’s holdings in JetBlue Airways were worth $1,793,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after buying an additional 2,584,350 shares during the last quarter. Norges Bank acquired a new stake in shares of JetBlue Airways during the fourth quarter valued at $14,624,000. SG Americas Securities LLC increased its position in JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after purchasing an additional 1,444,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 1,063,929 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in JetBlue Airways by 117,903.2% in the 4th quarter. National Bank of Canada FI now owns 1,000,667 shares of the transportation company’s stock valued at $7,865,000 after purchasing an additional 999,819 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 value of $112,500.00. Following the transaction, the chief financial officer now directly 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 the SEC website. Also, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now owns 116,443 shares of the company’s stock, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JBLU opened at $4.78 on Wednesday. JetBlue Airways Co. has a 52-week low of $4.44 and a 52-week high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -2.04 and a beta of 1.80. The business’s 50 day moving average is $6.28 and its two-hundred day moving average is $6.64.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted ($0.19) earnings per share. Analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on JBLU. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Bank of America reissued an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Citigroup upped their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways 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.