First Trust Advisors LP Acquires 269,053 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

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First Trust Advisors LP raised its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 77.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 615,118 shares of the transportation company’s stock after purchasing an additional 269,053 shares during the quarter. First Trust Advisors LP’s holdings in JetBlue Airways were worth $11,515,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of JetBlue Airways by 124.7% in the third quarter. Tower Research Capital LLC TRC now owns 9,752 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5,412 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of JetBlue Airways by 24.0% in the third quarter. California Public Employees Retirement System now owns 812,591 shares of the transportation company’s stock valued at $13,611,000 after acquiring an additional 157,283 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of JetBlue Airways by 56.7% in the third quarter. Squarepoint Ops LLC now owns 50,600 shares of the transportation company’s stock valued at $848,000 after acquiring an additional 18,308 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of JetBlue Airways by 24.7% in the third quarter. Parametric Portfolio Associates LLC now owns 1,217,927 shares of the transportation company’s stock valued at $20,400,000 after acquiring an additional 241,519 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of JetBlue Airways in the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

JBLU has been the subject of several recent research reports. Evercore ISI restated a “buy” rating and issued a $24.00 price objective on shares of JetBlue Airways in a report on Monday, December 16th. Barclays restated a “hold” rating and issued a $23.00 price objective on shares of JetBlue Airways in a report on Friday, January 24th. TheStreet upgraded JetBlue Airways from a “c+” rating to a “b-” rating in a report on Monday, November 11th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective on shares of JetBlue Airways in a report on Friday, January 24th. Finally, Buckingham Research lifted their price objective on JetBlue Airways from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of JetBlue Airways stock opened at $21.27 on Friday. The company has a market capitalization of $6.22 billion, a PE ratio of 11.29, a P/E/G ratio of 0.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.50 and a current ratio of 0.53. The company has a 50-day simple moving average of $19.53 and a two-hundred day simple moving average of $18.55. JetBlue Airways Co. has a one year low of $15.60 and a one year high of $21.65.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. JetBlue Airways had a net margin of 7.03% and a return on equity of 12.13%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities analysts predict that JetBlue Airways Co. will post 2.45 earnings per share for the current fiscal year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. Following the completion of the transaction, the chief executive officer now directly owns 460,725 shares in the company, valued at $8,657,022.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,927 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $20.01, for a total transaction of $38,559.27. Following the completion of the transaction, the chief financial officer now owns 19,545 shares of the company’s stock, valued at $391,095.45. The disclosure for this sale can be found here. Insiders sold 10,427 shares of company stock valued at $201,679 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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