SG Americas Securities LLC Acquires 1,444,491 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

SG Americas Securities LLC boosted its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 5,648.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,470,062 shares of the transportation company’s stock after purchasing an additional 1,444,491 shares during the quarter. SG Americas Securities LLC’s holdings in JetBlue Airways were worth $11,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways in the second quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $48,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $66,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $7.91 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -3.14 and a beta of 1.84. The stock’s fifty day moving average price is $7.11 and its two-hundred day moving average price is $6.38. JetBlue Airways Co. has a one year low of $4.49 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted ($0.39) earnings per share. JetBlue Airways’s revenue was up .5% compared to the same quarter last year. On average, equities analysts forecast that JetBlue Airways Co. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

JBLU has been the subject of several analyst reports. UBS Group reissued a “sell” rating and issued a $5.00 target price on shares of JetBlue Airways in a research note on Tuesday, November 26th. Susquehanna lifted their price objective on shares of JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Bank of America reiterated an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Finally, StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.69.

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.