Nuveen LLC Takes $6.13 Million Position in JetBlue Airways Corporation $JBLU

Key Points

• Nuveen LLC has made a new investment in JetBlue Airways, purchasing 1,271,798 shares valued at approximately $6.13 million, marking a 0.36% ownership in the company.
• JetBlue Airways experienced mixed analyst ratings recently, with Raymond James downgrading the stock from "outperform" to "market perform" and Citigroup setting a target price of $5.00.
• The airline reported negative EPS of ($0.16) for the latest quarter, exceeding the analysts' expectations but showing a negative return on equity of 15.59%.

Nuveen LLC bought a new position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,271,798 shares of the transportation company's stock, valued at approximately $6,130,000. Nuveen LLC owned 0.36% of JetBlue Airways as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC purchased a new stake in JetBlue Airways in the 1st quarter valued at about $53,000. Teacher Retirement System of Texas purchased a new position in shares of JetBlue Airways during the 1st quarter worth about $61,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of JetBlue Airways during the 1st quarter worth about $78,000. Sherbrooke Park Advisers LLC acquired a new position in JetBlue Airways during the fourth quarter worth approximately $79,000. Finally, Journey Strategic Wealth LLC acquired a new position in JetBlue Airways during the first quarter worth approximately $84,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Trading Up 2.3%

NASDAQ JBLU traded up $0.12 on Friday, hitting $5.35. 8,769,307 shares of the stock were exchanged, compared to its average volume of 23,709,176. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-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. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -4.86 and a beta of 1.80. The company's 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.91.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $2.26 billion. Research analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Wall Street Analyst Weigh In

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

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.