Neo Ivy Capital Management Makes New $2.13 Million Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Neo Ivy Capital Management purchased a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 271,017 shares of the transportation company's stock, valued at approximately $2,130,000. Neo Ivy Capital Management owned about 0.08% of JetBlue Airways as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Vise Technologies Inc. acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $89,000. PharVision Advisers LLC acquired a new position in shares of JetBlue Airways during the fourth quarter valued at about $94,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of JetBlue Airways by 8.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company's stock valued at $1,517,000 after buying an additional 14,268 shares during the last quarter. Voloridge Investment Management LLC lifted its position in shares of JetBlue Airways by 60.8% during the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock valued at $40,897,000 after purchasing an additional 1,968,343 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock valued at $182,000 after purchasing an additional 2,284 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Up 9.9%

Shares of JetBlue Airways stock traded up $0.49 during trading on Tuesday, hitting $5.42. The company's stock had a trading volume of 33,491,613 shares, compared to its average volume of 20,223,579. 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 fifty day simple moving average of $4.49 and a two-hundred day simple moving average of $6.00. The company has a market capitalization of $1.92 billion, a PE ratio of -2.32 and a beta of 1.79. JetBlue Airways Co. has a 52 week low of $3.34 and a 52 week high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) 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 for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the company posted ($0.43) earnings per share. The business's revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

JBLU has been the topic of several research reports. UBS Group lowered 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 report on Monday, April 7th. Citigroup boosted their price target on shares of JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Raymond James cut shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and cut their price objective for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Bank of America lowered their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, JetBlue Airways currently has an average rating of "Hold" and an average price target of $5.16.

JetBlue Airways Company 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.