56,300 Shares in JetBlue Airways Corporation $JBLU Acquired by Maven Securities LTD

Key Points

• Maven Securities LTD has acquired 56,300 shares of JetBlue Airways (NASDAQ:JBLU) valued at approximately $271,000 during the first quarter.
• Despite recent hedge fund activity, several brokerages have issued negative ratings for JetBlue, with UBS Group setting a price objective of $3.00 and citing a "sell" rating.
• JetBlue reported a loss of ($0.16) EPS last quarter, surpassing analysts' expectations, and its revenue reached $2.36 billion, exceeding forecasts of $2.26 billion.

Maven Securities LTD bought a new stake in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 56,300 shares of the transportation company's stock, valued at approximately $271,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in JetBlue Airways by 833.0% in 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 last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of JetBlue Airways in the 4th quarter valued at $79,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in JetBlue Airways in the 1st quarter valued at $53,000. Vise Technologies Inc. acquired a new stake in JetBlue Airways during the 4th quarter worth $89,000. Finally, PharVision Advisers LLC acquired a new stake in JetBlue Airways during the 4th quarter worth $94,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

JetBlue Airways Stock Performance

NASDAQ JBLU traded up $0.30 on Friday, hitting $5.38. 31,156,993 shares of the company's stock were exchanged, compared to its average volume of 18,881,858. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -4.89 and a beta of 1.80. The firm's 50-day moving average price is $4.49 and its two-hundred day moving average price is $4.94. JetBlue Airways Corporation has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. 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 (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.26 billion. On average, research analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JBLU. 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 target on JetBlue Airways and gave the company a "sell" rating in a research report on Monday, July 7th. Citigroup set a $5.00 price objective on JetBlue Airways and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Raymond James Financial downgraded JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, Barclays reissued an "underweight" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Eight analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target 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.