JetBlue Airways Corporation $JBLU Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in JetBlue Airways by 55.7%, acquiring an additional 1,238,494 shares, bringing its total ownership to 3,461,848 shares worth approximately $16.7 million.
• Several hedge funds also adjusted their positions in JetBlue, with significant increases from Quantbot Technologies LP and Connor Clark & Lunn Investment Management Ltd., indicating strong institutional interest.
• Analysts have downgraded JetBlue's stock rating, with a consensus rating of "Reduce" and an average price target of $5.16, reflecting cautious sentiment towards the airline's future performance.

Jump Financial LLC raised its position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 55.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,461,848 shares of the transportation company's stock after acquiring an additional 1,238,494 shares during the quarter. Jump Financial LLC owned approximately 0.98% of JetBlue Airways worth $16,686,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC purchased a new position in JetBlue Airways in the first quarter worth approximately $53,000. Teacher Retirement System of Texas purchased a new position in JetBlue Airways in the first quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd lifted 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 worth $76,000 after acquiring an additional 10,519 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in JetBlue Airways in the first quarter worth approximately $78,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in JetBlue Airways in the fourth quarter worth approximately $79,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

JetBlue Airways Stock Performance

JBLU stock traded down $0.13 on Monday, hitting $5.25. The company's stock had a trading volume of 10,815,984 shares, compared to its average volume of 19,852,714. The firm has a 50 day moving average of $4.51 and a two-hundred day moving average of $4.91. JetBlue Airways Corporation has a 1 year low of $3.34 and a 1 year high of $8.31. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -4.77 and a beta of 1.80. 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 quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.15. The company had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. Equities analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of recent research reports. Susquehanna reiterated a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Barclays restated an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. UBS Group set a $3.00 price objective on shares of JetBlue Airways and gave the stock a "sell" rating in a research report on Monday, July 7th. Finally, Raymond James Financial downgraded shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, JetBlue Airways presently has a consensus rating of "Reduce" and a consensus target price of $5.16.

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.