Voloridge Investment Management LLC Has $40.90 Million Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Voloridge Investment Management LLC lifted its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 60.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,203,155 shares of the transportation company's stock after acquiring an additional 1,968,343 shares during the period. Voloridge Investment Management LLC owned 1.50% of JetBlue Airways worth $40,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in JBLU. Ballentine Partners LLC acquired a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $114,000. SG Americas Securities LLC lifted its stake in shares of JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock worth $11,555,000 after acquiring an additional 1,444,491 shares during the period. Blue Trust Inc. lifted its stake in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after acquiring an additional 2,538 shares during the period. R Squared Ltd acquired a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $58,000. Finally, Spire Wealth Management lifted its stake in JetBlue Airways by 175.9% during the fourth quarter. Spire Wealth Management now owns 54,470 shares of the transportation company's stock valued at $428,000 after purchasing an additional 34,729 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU remained flat at $4.93 during mid-day trading on Friday. 15,889,046 shares of the company traded hands, compared to its average volume of 20,143,562. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of $1.75 billion, a P/E ratio of -2.11 and a beta of 1.79. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The firm's 50-day simple moving average is $4.50 and its 200 day simple moving average is $6.01.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. UBS Group cut their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research note on Monday, April 7th. Susquehanna cut their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and cut their target price for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Raymond James lowered shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, JetBlue Airways has an average rating of "Hold" 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.