PEAK6 LLC Raises Stock Position in 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 grew its stake in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 156.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,611 shares of the transportation company's stock after acquiring an additional 161,595 shares during the period. PEAK6 LLC owned 0.07% of JetBlue Airways worth $1,275,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new position in JetBlue Airways in the 1st quarter worth about $53,000. Teacher Retirement System of Texas bought a new position in shares of JetBlue Airways during the first quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of JetBlue Airways by 201.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company's stock valued at $76,000 after purchasing an additional 10,519 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of JetBlue Airways during the first quarter valued at approximately $78,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $79,000. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU traded down $0.36 on Thursday, hitting $5.09. 26,841,747 shares of the company were exchanged, compared to its average volume of 15,856,661. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The stock's 50 day moving average price is $4.69 and its 200 day moving average price is $4.87. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $1.85 billion, a P/E ratio of -4.63 and a beta of 1.81.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. Sell-side analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JBLU shares. UBS Group set a $3.00 price objective on shares of JetBlue Airways and gave the company a "sell" rating in a research note on Monday, July 7th. Susquehanna reiterated a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Barclays reiterated an "underweight" 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 note on Thursday, May 15th. Finally, Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Eight investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target 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.