American Century Companies Inc. Increases Position in JetBlue Airways Corporation $JBLU

Key Points

• American Century Companies Inc. increased its stake in JetBlue Airways by 7.8%, holding approximately 2.67% of the airline's shares valued at $45.6 million as of the last quarter.
• Institutional investors control 83.71% of JetBlue's stock, with Wells Fargo and Sterling Capital among those who significantly increased their positions recently.
• JetBlue Airlines reported a quarterly loss of ($0.16) per share, better than the consensus estimate, and achieved revenues of $2.36 billion, surpassing expectations of $2.26 billion.

American Century Companies Inc. lifted its position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,457,873 shares of the transportation company's stock after purchasing an additional 685,880 shares during the period. American Century Companies Inc. owned 2.67% of JetBlue Airways worth $45,587,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JBLU. Sterling Capital Management LLC increased its stake in shares of JetBlue Airways by 833.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,843 shares of the transportation company's stock valued at $77,000 after buying an additional 8,788 shares during the period. Sherbrooke Park Advisers LLC bought a new position in JetBlue Airways during the 4th quarter worth about $79,000. Patriot Financial Group Insurance Agency LLC bought a new position in JetBlue Airways during the 1st quarter worth about $53,000. Vise Technologies Inc. bought a new position in JetBlue Airways during the 4th quarter worth about $89,000. Finally, PharVision Advisers LLC bought a new position in JetBlue Airways during the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Susquehanna reissued a "neutral" rating on shares of JetBlue Airways 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. Wall Street Zen raised shares of JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. UBS Group set a $3.00 price objective on shares of JetBlue Airways and gave the company a "sell" rating in a report on Monday, July 7th. Finally, Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a "neutral" rating in a report on Tuesday, July 29th. Eight investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of "Reduce" and an average price target of $5.16.

JetBlue Airways Stock Up 5.9%

NASDAQ JBLU traded up $0.30 on Friday, hitting $5.38. The stock had a trading volume of 31,156,993 shares, compared to its average volume of 18,881,858. The business's fifty day moving average price is $4.49 and its 200 day moving average price is $4.94. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-week high of $8.31. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -4.89 and a beta of 1.80.

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