JetBlue Airways Corporation $JBLU Holdings Lifted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in JetBlue Airways by 3.5% in the first quarter, now owning approximately 6.96 million shares valued at around $33.57 million.
• JetBlue Airways recently reported better-than-expected earnings with a loss of ($0.16) EPS, surpassing analysts' expectations of ($0.31).
• Currently, JetBlue's stock holds a consensus rating of "Hold" from analysts, with an average target price of $5.16.

Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,964,013 shares of the transportation company's stock after acquiring an additional 238,342 shares during the period. Charles Schwab Investment Management Inc. owned about 1.97% of JetBlue Airways worth $33,567,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vident Advisory LLC increased its position in JetBlue Airways by 10.9% in the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock worth $182,000 after buying an additional 2,284 shares during the period. Summit Investment Advisors Inc. increased its position in JetBlue Airways by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock worth $257,000 after buying an additional 2,666 shares during the period. Penserra Capital Management LLC increased its position in JetBlue Airways by 15.0% in the first quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company's stock worth $122,000 after buying an additional 3,302 shares during the period. Mariner LLC increased its position in JetBlue Airways by 5.6% in the fourth quarter. Mariner LLC now owns 67,781 shares of the transportation company's stock worth $533,000 after buying an additional 3,575 shares during the period. Finally, one8zero8 LLC increased its position in JetBlue Airways by 26.4% in the first quarter. one8zero8 LLC now owns 31,600 shares of the transportation company's stock worth $152,000 after buying an additional 6,600 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBLU has been the topic of several analyst reports. Wall Street Zen raised JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Citigroup set a $5.00 target price on JetBlue Airways and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Raymond James Financial lowered JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $5.16.

JetBlue Airways Stock Performance

Shares of JBLU traded up $0.30 during trading hours on Friday, reaching $5.38. 31,156,993 shares of the company's stock traded hands, compared to its average volume of 18,881,858. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -4.89 and a beta of 1.80. 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 twelve month low of $3.34 and a twelve month high of $8.31. The business's fifty day simple moving average is $4.49 and its two-hundred day simple moving average is $4.94.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS 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 for the quarter, compared to analyst estimates of $2.26 billion. Analysts predict that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

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.