PEAK6 LLC Purchases 161,595 Shares of JetBlue Airways Corporation $JBLU

Key Points

• PEAK6 LLC significantly increased its stake in JetBlue Airways by 156.9%, owning approximately 264,611 shares valued at $1.28 million as of its most recent SEC filing.
• Analysts have mixed views on JetBlue, with Citigroup setting a price target of $5.00 and a consensus rating of "Reduce" from various research analysts.
• JetBlue reported quarterly earnings that beat analysts' expectations, with revenue of $2.36 billion against a consensus estimate of $2.26 billion.

PEAK6 LLC lifted its position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 156.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,611 shares of the transportation company's stock after buying an additional 161,595 shares during the period. PEAK6 LLC owned approximately 0.07% of JetBlue Airways worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sherbrooke Park Advisers LLC purchased a new position in shares of JetBlue Airways in the 4th quarter worth $79,000. Patriot Financial Group Insurance Agency LLC purchased a new position in JetBlue Airways during the first quarter valued at $53,000. Vise Technologies Inc. purchased a new position in JetBlue Airways during the fourth quarter valued at $89,000. PharVision Advisers LLC purchased a new position in JetBlue Airways during the fourth quarter valued at $94,000. Finally, Quadcap Wealth Management LLC purchased a new position in JetBlue Airways during the fourth quarter valued at $94,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Price Performance

NASDAQ:JBLU traded down $0.04 on Thursday, reaching $5.42. 8,054,587 shares of the company's stock traded hands, compared to its average volume of 23,540,518. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 3.21. The stock has a 50-day simple moving average of $4.68 and a 200-day simple moving average of $4.88. The firm has a market cap of $1.97 billion, a PE ratio of -4.92 and a beta of 1.81. JetBlue Airways Corporation has a 12 month low of $3.34 and a 12 month high of $8.31.

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 analysts' consensus estimates of ($0.31) by $0.15. The business had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. Equities research analysts forecast that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JBLU. Citigroup set a $5.00 target price on JetBlue Airways and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Susquehanna reiterated a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Barclays reiterated an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Wall Street Zen upgraded JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Finally, UBS Group set a $3.00 target price on JetBlue Airways and gave the company a "sell" rating in a research report on Monday, July 7th. Eight equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, 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.