Bridgeway Capital Management LLC Has $19.75 Million Position in JetBlue Airways Co. (NASDAQ:JBLU)

Bridgeway Capital Management LLC increased its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,512,920 shares of the transportation company's stock after purchasing an additional 66,183 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.72% of JetBlue Airways worth $19,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. CIBC Asset Management Inc lifted its stake in JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,823 shares in the last quarter. Xponance Inc. increased its holdings in JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after buying an additional 2,095 shares during the period. Blue Trust Inc. lifted its position 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 buying an additional 2,538 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in JetBlue Airways by 8.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock worth $257,000 after buying an additional 2,666 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after acquiring an additional 2,850 shares during the period. Institutional investors own 83.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on JBLU shares. Barclays dropped their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a report on Monday, April 7th. Bank of America dropped their price objective on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Finally, Raymond James upgraded shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.16.

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 value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by corporate insiders.

JetBlue Airways Trading Up 1.9 %

Shares of JBLU stock traded up $0.09 during mid-day trading on Friday, reaching $4.88. The company's stock had a trading volume of 16,640,832 shares, compared to its average volume of 19,498,319. The firm has a market capitalization of $1.73 billion, a PE ratio of -2.09 and a beta of 1.79. The company's 50 day simple moving average is $4.69 and its 200-day simple moving average is $6.13. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) EPS. On average, research analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

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.