Two Sigma Advisers LP Acquires New Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Two Sigma Advisers LP bought a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,380,600 shares of the transportation company's stock, valued at approximately $10,852,000. Two Sigma Advisers LP owned about 0.40% of JetBlue Airways at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of JBLU. FMR LLC grew its stake in shares of JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock worth $130,470,000 after acquiring an additional 16,486,326 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of JetBlue Airways by 491.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock worth $33,597,000 after acquiring an additional 3,552,057 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of JetBlue Airways by 3,729.9% in the fourth quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company's stock worth $27,009,000 after acquiring an additional 3,346,482 shares during the last quarter. Norges Bank purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $14,624,000. Finally, Jump Financial LLC grew its stake in shares of JetBlue Airways by 200.6% in the fourth quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company's stock worth $17,476,000 after acquiring an additional 1,483,763 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a "buy" rating to a "hold" rating and cut their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Susquehanna lowered their price target on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Raymond James downgraded JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Finally, Citigroup upped their price target on JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.16.

JetBlue Airways Trading Down 2.9%

Shares of JetBlue Airways stock traded down $0.16 on Wednesday, reaching $5.27. The company had a trading volume of 8,146,377 shares, compared to its average volume of 20,178,004. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -2.25 and a beta of 1.79. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The firm's 50-day moving average price is $4.49 and its two-hundred day moving average price is $6.00. JetBlue Airways Co. has a 1 year low of $3.34 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.02. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The company's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. As a group, research analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

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.