Jacobs Levy Equity Management Inc. Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Jacobs Levy Equity Management Inc. acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 249,065 shares of the transportation company's stock, valued at approximately $1,958,000. Jacobs Levy Equity Management Inc. owned about 0.07% of JetBlue Airways as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JBLU. Blue Trust Inc. raised its holdings in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways during the fourth quarter valued at approximately $40,000. Bogart Wealth LLC increased its holdings in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares during the last quarter. R Squared Ltd purchased a new stake in JetBlue Airways during the fourth quarter valued at approximately $58,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in JetBlue Airways by 1,769.4% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company's stock valued at $73,000 after buying an additional 8,847 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 subject of a number of research reports. Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup upped their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Barclays reduced their price objective on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Susquehanna reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Five 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.16.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $4.92 on Friday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The firm has a fifty day moving average price of $4.58 and a 200 day moving average price of $6.05. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -2.10 and a beta of 1.79.

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

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by company insiders.

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.

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