Two Sigma Advisers LP Invests $10.85 Million in JetBlue Airways Co. (NASDAQ:JBLU)

Two Sigma Advisers LP acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,380,600 shares of the transportation company’s stock, valued at approximately $10,852,000. Two Sigma Advisers LP owned 0.40% of JetBlue Airways at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying 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 during the fourth quarter worth $40,000. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 67.8% during 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 in the last quarter. R Squared Ltd purchased a new stake in JetBlue Airways during the fourth quarter worth $58,000. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in JetBlue Airways by 1,769.4% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock worth $73,000 after buying an additional 8,847 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JBLU. Barclays lowered their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Citigroup increased their price target on shares of JetBlue Airways from $4.25 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Bank of America decreased their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a report on Thursday, April 3rd. UBS Group decreased their price objective on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a report on Monday, April 7th. Finally, 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 report on Monday, April 7th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.16.

JetBlue Airways Stock Up 1.6%

JBLU stock opened at $4.93 on Friday. JetBlue Airways Co. has a one year low of $3.34 and a one year high of $8.31. The stock has a market capitalization of $1.75 billion, a PE ratio of -2.11 and a beta of 1.79. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The company has a fifty day moving average of $4.52 and a 200-day moving average of $6.02.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business earned ($0.43) EPS. The business’s revenue was down 3.1% on a year-over-year basis. As a group, analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

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.