Trexquant Investment LP Makes New $1.42 Million Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Trexquant Investment LP acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 180,708 shares of the transportation company’s stock, valued at approximately $1,420,000.

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways in the fourth quarter worth about $40,000. Bogart Wealth LLC raised its stake in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after buying an additional 2,850 shares during the period. R Squared Ltd purchased a new position in shares of JetBlue Airways during the 4th quarter valued at about $58,000. Finally, GAMMA Investing LLC grew its stake in shares of JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 3,857 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Up 19.2 %

Shares of NASDAQ JBLU opened at $4.29 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 12-month low of $3.47 and a 12-month high of $8.31. The firm’s 50-day moving average price is $5.80 and its 200-day moving average price is $6.53. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1.83 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, equities research analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction that occurred on 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 represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on JBLU. Bank of America decreased their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Susquehanna decreased their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays dropped their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, JetBlue Airways currently has an average rating of “Hold” and a consensus target price of $5.45.

About JetBlue Airways

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.