U S Global Investors Inc. Raises Holdings in JetBlue Airways Corporation $JBLU

Key Points

• U S Global Investors Inc. boosted its stake in JetBlue by 4.9% in Q4 to 4,728,754 shares (adding 219,622 shares), making JetBlue its 9th-largest holding and representing 1.30% of the company worth about $21.52 million.
• JetBlue reported an EPS loss of ($0.49) vs. a ($0.45) consensus and $2.24 billion in revenue, with a negative ROE of 25.62% and a net margin of -6.64%; analysts project a -2.37 EPS for the current year.
• Shares traded around $5.25 (up 3.3%) with a 52-week range of $3.76–$6.50 and a $1.95 billion market cap, and the consensus analyst rating is Reduce with an average price target of $4.88 amid mixed downgrades and a few upgrades.

U S Global Investors Inc. boosted its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,728,754 shares of the transportation company's stock after purchasing an additional 219,622 shares during the quarter. JetBlue Airways comprises 2.3% of U S Global Investors Inc.'s holdings, making the stock its 9th largest holding. U S Global Investors Inc. owned 1.30% of JetBlue Airways worth $21,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in JetBlue Airways by 3.2% during the third quarter. CWM LLC now owns 78,200 shares of the transportation company's stock valued at $385,000 after purchasing an additional 2,394 shares in the last quarter. Cetera Investment Advisers boosted its position in JetBlue Airways by 10.7% during the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company's stock valued at $130,000 after purchasing an additional 2,954 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company's stock valued at $29,000 after purchasing an additional 5,049 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in JetBlue Airways by 51.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,084 shares of the transportation company's stock valued at $73,000 after purchasing an additional 5,439 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in JetBlue Airways by 5.7% in the second quarter. Osaic Holdings Inc. now owns 104,341 shares of the transportation company's stock worth $441,000 after acquiring an additional 5,631 shares in the last quarter. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Trading Up 3.3%

Shares of NASDAQ:JBLU opened at $5.25 on Friday. JetBlue Airways Corporation has a 52-week low of $3.76 and a 52-week high of $6.50. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -3.14 and a beta of 1.75. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65. The business has a 50-day moving average price of $4.96 and a 200-day moving average price of $4.85.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.04). JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts predict that JetBlue Airways Corporation will post -2.37 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of JetBlue Airways in a report on Tuesday. The Goldman Sachs Group lowered their price target on JetBlue Airways from $4.00 to $3.50 and set a "sell" rating for the company in a report on Wednesday, April 1st. UBS Group lowered their price target on JetBlue Airways from $4.00 to $3.50 and set a "sell" rating for the company in a report on Monday, March 16th. Seaport Research Partners raised JetBlue Airways from a "neutral" rating to a "buy" rating and set a $8.00 price target for the company in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of "Reduce" and an average price target of $4.88.

About JetBlue Airways

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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