Wellington Management Group LLP Invests $3.93 Million in JetBlue Airways Corporation $JBLU

Key Points

• Wellington Management Group LLP acquired 815,653 shares of JetBlue Airways Corporation, valued at approximately $3,931,000, during the first quarter, representing about 0.23% ownership of the company.
• JetBlue reported a negative EPS of ($0.16) for the last quarter, surpassing the consensus estimate, with revenues reaching $2.36 billion.
• Analysts have provided mixed ratings for JetBlue Airways, with target prices ranging from $3.00 to $5.00, indicating a cautious outlook on the stock.

Wellington Management Group LLP purchased a new position in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 815,653 shares of the transportation company's stock, valued at approximately $3,931,000. Wellington Management Group LLP owned about 0.23% of JetBlue Airways as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JBLU. Pinnacle Holdings LLC lifted its position in JetBlue Airways by 1.3% in the 1st quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company's stock worth $1,145,000 after buying an additional 3,113 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of JetBlue Airways by 7.8% in the 1st quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company's stock valued at $45,587,000 after purchasing an additional 685,880 shares in the last quarter. Fox Run Management L.L.C. grew its holdings in shares of JetBlue Airways by 65.1% during the 1st quarter. Fox Run Management L.L.C. now owns 29,421 shares of the transportation company's stock valued at $142,000 after purchasing an additional 11,606 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in JetBlue Airways by 201.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company's stock worth $76,000 after purchasing an additional 10,519 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in JetBlue Airways by 29.7% in the first quarter. Public Sector Pension Investment Board now owns 964,256 shares of the transportation company's stock worth $4,648,000 after purchasing an additional 221,036 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 1.5%

Shares of NASDAQ:JBLU traded down $0.09 during trading on Wednesday, hitting $5.41. The stock had a trading volume of 13,125,026 shares, compared to its average volume of 23,616,100. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 3.21. JetBlue Airways Corporation has a 12 month low of $3.34 and a 12 month high of $8.31. The company has a market capitalization of $1.97 billion, a PE ratio of -4.92 and a beta of 1.81. The firm's fifty day moving average is $4.65 and its 200 day moving average is $4.87.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%.The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.26 billion. Analysts anticipate that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Raymond James Financial lowered shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Barclays reissued an "underweight" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Eight investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price 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.