PDT Partners LLC acquired a new stake in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 775,095 shares of the transportation company's stock, valued at approximately $3,736,000. PDT Partners LLC owned about 0.22% of JetBlue Airways as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in JBLU. Sherbrooke Park Advisers LLC bought a new position in shares of JetBlue Airways during the 4th quarter worth $79,000. GW Henssler & Associates Ltd. bought a new position in shares of JetBlue Airways during the 1st quarter worth $52,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of JetBlue Airways during the 1st quarter worth $53,000. Vise Technologies Inc. bought a new position in shares of JetBlue Airways during the 4th quarter worth $89,000. Finally, PharVision Advisers LLC bought a new position in shares of JetBlue Airways during the 4th quarter worth $94,000. Institutional investors own 83.71% of the company's stock.
JetBlue Airways Stock Down 0.2%
JBLU stock traded down $0.01 during trading on Friday, reaching $5.08. 31,720,712 shares of the company traded hands, compared to its average volume of 16,730,386. JetBlue Airways Corporation has a 12 month low of $3.34 and a 12 month high of $8.31. The business has a 50 day simple moving average of $4.71 and a 200 day simple moving average of $4.85. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -4.62 and a beta of 1.81. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping 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 the consensus estimate of $2.26 billion. On average, equities research analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on JBLU. UBS Group increased their price target on JetBlue Airways from $3.00 to $4.00 and gave the stock a "sell" rating in a research report on Friday. Citigroup set a $5.00 price target on JetBlue Airways and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Raymond James Financial downgraded JetBlue Airways from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Susquehanna reissued a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of "Reduce" and a consensus target price of $5.18.
View Our Latest Stock Report on JetBlue Airways
About JetBlue Airways
(
Free Report)
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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