285,445 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 285,445 shares of the transportation company's stock, valued at approximately $2,244,000. Aquatic Capital Management LLC owned approximately 0.08% of JetBlue Airways as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after acquiring an additional 16,486,326 shares in the last quarter. Renaissance Technologies LLC boosted its stake in JetBlue Airways by 491.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock valued at $33,597,000 after purchasing an additional 3,552,057 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the period. Norges Bank bought a new stake in shares of JetBlue Airways in the 4th quarter worth $14,624,000. Finally, Jump Financial LLC lifted its holdings in shares of JetBlue Airways by 200.6% in the fourth quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company's stock valued at $17,476,000 after buying an additional 1,483,763 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Stock Up 8.7 %

JBLU stock traded up $0.38 during mid-day trading on Friday, hitting $4.76. The stock had a trading volume of 42,855,886 shares, compared to its average volume of 19,251,064. JetBlue Airways Co. has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a fifty day moving average of $4.85 and a 200 day moving average of $6.19. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -2.03 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the company earned ($0.43) earnings per share. The company's revenue was down 3.1% compared to the same quarter last year. On average, equities analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares of the company's stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nik Mittal bought 100,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on JBLU. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and decreased their price target for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. UBS Group cut their target price on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Barclays decreased their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Susquehanna cut their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Raymond James upgraded shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price for the company in a report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, JetBlue Airways currently has an average rating of "Hold" and a consensus target price of $5.09.

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.