Aristeia Capital L.L.C. Acquires Shares of 91,144 JetBlue Airways Co. (NASDAQ:JBLU)

Aristeia Capital L.L.C. acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 91,144 shares of the transportation company's stock, valued at approximately $716,000.

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

Analyst Ratings Changes

A number of research firms recently weighed in on JBLU. Barclays reduced their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Bank of America reduced their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Citigroup raised their target price on JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and cut their target price for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.16.

Insider Buying and Selling

In related news, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.18% of the stock is owned by company insiders.

JetBlue Airways Trading Up 9.0 %

Shares of NASDAQ:JBLU traded up $0.40 during trading on Thursday, hitting $4.86. 25,727,060 shares of the company's stock were exchanged, compared to its average volume of 19,378,000. JetBlue Airways Co. has a 1-year low of $3.34 and a 1-year high of $8.31. The firm has a market cap of $1.72 billion, a P/E ratio of -2.08 and a beta of 1.79. 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 firm has a 50-day moving average price of $4.73 and a two-hundred day moving average price of $6.15.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned ($0.43) EPS. JetBlue Airways's revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

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.