434,500 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 434,500 shares of the transportation company's stock, valued at approximately $3,415,000. Canada Pension Plan Investment Board owned approximately 0.13% of JetBlue Airways at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after acquiring an additional 1,823 shares during the period. Xponance Inc. increased its stake in shares of JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after acquiring an additional 2,095 shares during the period. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 2,538 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of JetBlue Airways by 8.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock valued at $257,000 after acquiring an additional 2,666 shares during the period. Finally, Bogart Wealth LLC increased its stake in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after acquiring an additional 2,850 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Buying and Selling at JetBlue Airways

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

JetBlue Airways Stock Up 4.9 %

Shares of JBLU stock traded up $0.19 on Monday, reaching $4.07. 33,494,367 shares of the company's stock traded hands, compared to its average volume of 18,688,610. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31. 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 market capitalization of $1.44 billion, a P/E ratio of -1.74 and a beta of 1.69. The business's 50 day moving average price is $5.05 and its two-hundred day moving average price is $6.27.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) 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 period in the prior year, the company earned ($0.19) EPS. On average, equities analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JBLU. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna reduced their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Citigroup cut their target price on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating on the stock in a research report on Friday, April 11th. 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. Finally, Raymond James raised JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a research report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.09.

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.