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

Caxton Associates LP purchased a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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 institutional investors have also added to or reduced their stakes in JBLU. FMR LLC increased its position in shares of JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after buying an additional 16,486,326 shares during the period. Renaissance Technologies LLC lifted its position in JetBlue Airways by 491.7% during the fourth 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 during the period. JPMorgan Chase & Co. grew its stake 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 purchased a new position in shares of JetBlue Airways during the 4th quarter valued at about $14,624,000. Finally, Jump Financial LLC boosted its stake 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 worth $17,476,000 after acquiring an additional 1,483,763 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Price Performance

Shares of JBLU traded up $0.09 on Friday, hitting $4.88. The company's stock had a trading volume of 16,640,832 shares, compared to its average volume of 19,538,380. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company has a 50 day moving average price of $4.67 and a 200 day moving average price of $6.10. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The company has a market capitalization of $1.73 billion, a PE ratio of -2.09 and a beta of 1.79.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping 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 business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. On average, research analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on JBLU shares. Bank of America dropped their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a report on Monday, April 7th. UBS Group dropped 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. Citigroup boosted their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.16.

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.