JetBlue Airways Corporation $JBLU Shares Acquired by U S Global Investors Inc.

Key Points

• U S Global Investors Inc. has increased its stake in JetBlue Airways by 25.2%, acquiring a total of 5,021,419 shares, which is 2.5% of the fund's investment portfolio.
• Analysts have mixed ratings on JetBlue, with a consensus target price of $5.28 and several firms maintaining a sell or underweight rating.
• JetBlue reported a loss per share of ($0.16) for the last quarter, outperforming analysts' estimates, with revenue reaching $2.36 billion.

U S Global Investors Inc. grew its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 25.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,021,419 shares of the transportation company's stock after buying an additional 1,011,279 shares during the period. JetBlue Airways makes up 2.5% of U S Global Investors Inc.'s investment portfolio, making the stock its 10th biggest holding. U S Global Investors Inc. owned about 1.42% of JetBlue Airways worth $21,241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in JetBlue Airways in the second quarter valued at about $47,000. Ballentine Partners LLC bought a new stake in JetBlue Airways in the second quarter valued at about $48,000. GW Henssler & Associates Ltd. bought a new stake in JetBlue Airways in the first quarter valued at about $52,000. Teacher Retirement System of Texas bought a new stake in JetBlue Airways in the first quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in JetBlue Airways by 201.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company's stock valued at $76,000 after acquiring an additional 10,519 shares during the period. Institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on JBLU shares. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the company a "neutral" rating in a research note on Tuesday, July 29th. TD Cowen upped their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a "hold" rating in a research note on Monday, September 8th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. UBS Group upped their price objective on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a "sell" rating in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JetBlue Airways in a research note on Wednesday. Seven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of "Reduce" and a consensus target price of $5.28.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $4.40 on Friday. JetBlue Airways Corporation has a 1 year low of $3.34 and a 1 year high of $8.31. The firm's 50 day moving average is $4.97 and its 200-day moving average is $4.65. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -4.00 and a beta of 1.82. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. Sell-side analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

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.

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