Caxton Associates LP Takes $2.51 Million Position in JetBlue Airways Co. (NASDAQ:JBLU)

Caxton Associates LP bought a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 319,706 shares of the transportation company's stock, valued at approximately $2,513,000. Caxton Associates LP owned about 0.09% of JetBlue Airways as of its most recent SEC filing.

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

Insider Activity at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of analyst reports. Susquehanna cut their price target on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. UBS Group reduced their price objective on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Raymond James upgraded shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price objective for the company in a report on Monday, April 7th. Finally, Barclays cut their target price 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. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $5.16.

JetBlue Airways Stock Up 7.4 %

Shares of JBLU traded up $0.33 during midday trading on Thursday, hitting $4.79. The stock had a trading volume of 38,781,944 shares, compared to its average volume of 19,469,211. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -2.05 and a beta of 1.79. The company has a 50 day simple moving average of $4.73 and a two-hundred day simple moving average of $6.15. JetBlue Airways Co. has a twelve month low of $3.34 and a twelve month high of $8.31. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.02. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.43) EPS. On average, analysts anticipate that JetBlue Airways Co. will post -0.69 EPS 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.