Public Sector Pension Investment Board Buys 221,036 Shares of JetBlue Airways Corporation $JBLU

Public Sector Pension Investment Board boosted its holdings in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 29.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 964,256 shares of the transportation company's stock after buying an additional 221,036 shares during the period. Public Sector Pension Investment Board owned approximately 0.27% of JetBlue Airways worth $4,648,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in JetBlue Airways by 17.8% in the fourth quarter. Wells Fargo & Company MN now owns 246,277 shares of the transportation company's stock valued at $1,936,000 after purchasing an additional 37,207 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of JetBlue Airways during the fourth quarter worth $1,796,000. Sterling Capital Management LLC grew its position in JetBlue Airways by 833.0% in the fourth quarter. Sterling Capital Management LLC now owns 9,843 shares of the transportation company's stock valued at $77,000 after purchasing an additional 8,788 shares in the last quarter. Summit Investment Advisors Inc. grew its position in JetBlue Airways by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock valued at $257,000 after purchasing an additional 2,666 shares in the last quarter. Finally, Mariner LLC grew its position in JetBlue Airways by 5.6% in the fourth quarter. Mariner LLC now owns 67,781 shares of the transportation company's stock valued at $533,000 after purchasing an additional 3,575 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

JetBlue Airways stock traded down $0.0750 during midday trading on Thursday, hitting $5.0650. The company's stock had a trading volume of 10,846,555 shares, compared to its average volume of 24,056,328. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -4.61 and a beta of 1.80. The company has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.96.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating 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 firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, sell-side analysts predict that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

JBLU has been the subject of a number of recent analyst reports. Susquehanna reiterated a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Raymond James Financial cut shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. 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, UBS Group set a $3.00 price target on shares of JetBlue Airways and gave the company a "sell" rating in a research note on Monday, July 7th. Eight analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price 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.