Harvest Fund Management Co. Ltd Makes New Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,299 shares of the transportation company’s stock, valued at approximately $28,000.

A number of other institutional investors have also recently made changes to their positions in JBLU. Bogart Wealth LLC boosted its stake in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares during the period. Trust Co. of Vermont bought a new position in shares of JetBlue Airways during the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of JetBlue Airways in the second quarter worth approximately $34,000. GAMMA Investing LLC lifted its stake in shares of JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after acquiring an additional 2,993 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in JetBlue Airways during the 2nd quarter valued at $48,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Up 0.8 %

JetBlue Airways stock opened at $5.96 on Friday. JetBlue Airways Co. has a twelve month low of $4.10 and a twelve month high of $8.07. The business has a fifty day moving average of $6.53 and a two-hundred day moving average of $5.93. The firm has a market cap of $2.07 billion, a P/E ratio of -2.37 and a beta of 1.92. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.39) earnings per share. On average, analysts forecast that JetBlue Airways Co. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBLU. Barclays increased their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Citigroup upped their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, UBS Group reaffirmed a “sell” rating and set a $5.00 price target on shares of JetBlue Airways in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Company 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.