Public Employees Retirement System of Ohio Purchases Shares of 249,143 JetBlue Airways Corporation $JBLU

Public Employees Retirement System of Ohio bought a new position in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 249,143 shares of the transportation company's stock, valued at approximately $1,428,000. Public Employees Retirement System of Ohio owned approximately 0.07% of JetBlue Airways as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new stake in JetBlue Airways in the second quarter valued at $146,000. Parallax Volatility Advisers L.P. acquired a new stake in shares of JetBlue Airways in the second quarter valued at approximately $90,000. Bank of America Corp DE acquired a new position in shares of JetBlue Airways in the 2nd quarter valued at $20,022,000. Jupiter Topco LLC acquired a new stake in JetBlue Airways during the 2nd quarter worth $200,000. Finally, Hsbc Holdings PLC acquired a new position in JetBlue Airways in the second quarter valued at $4,399,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Activity at JetBlue Airways

In other news, CFO Ursula Hurley sold 77,253 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.76, for a total transaction of $444,977.28. Following the completion of the transaction, the chief financial officer owned 211,099 shares of the company's stock, valued at $1,215,930.24. This represents a 26.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 81,253 shares of company stock worth $465,897. Corporate insiders own 2.41% of the company's stock.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of recent research reports. Wall Street Zen cut JetBlue Airways from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of JetBlue Airways in a research note on Friday, July 17th. Bank of America increased their price objective on JetBlue Airways from $3.50 to $4.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 1st. Seaport Research Partners downgraded shares of JetBlue Airways from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Finally, The Goldman Sachs Group upped their price target on JetBlue Airways from $3.50 to $4.50 and gave the stock a "sell" rating in a report on Thursday, July 2nd. Six investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $5.50.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $4.63 on Tuesday. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market capitalization of $1.75 billion, a P/E ratio of -1.94 and a beta of 1.70. The firm's 50-day moving average is $5.46 and its two-hundred day moving average is $5.16. JetBlue Airways Corporation has a 12-month low of $3.87 and a 12-month high of $6.62.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.03. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm posted ($0.21) earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts predict that JetBlue Airways Corporation will post -2.33 earnings per share for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline's core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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