Bridgeway Capital Management LLC Purchases 66,183 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Bridgeway Capital Management LLC boosted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,512,920 shares of the transportation company's stock after buying an additional 66,183 shares during the quarter. Bridgeway Capital Management LLC owned about 0.72% of JetBlue Airways worth $19,752,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in JetBlue Airways by 130.8% during 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 last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways during the 4th quarter worth about $40,000. Bogart Wealth LLC boosted its stake in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd acquired a new stake in JetBlue Airways in the 4th quarter valued at approximately $58,000. Finally, GAMMA Investing LLC increased its position in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after buying an additional 3,857 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Price Performance

NASDAQ:JBLU traded up $0.09 during trading hours on Friday, reaching $4.88. The company had a trading volume of 16,640,832 shares, compared to its average volume of 19,538,380. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock has a 50-day moving average of $4.67 and a two-hundred day moving average of $6.10. JetBlue Airways Co. has a one year low of $3.34 and a one year high of $8.31. The firm has a market capitalization of $1.73 billion, a PE ratio of -2.09 and a beta of 1.79.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned ($0.43) EPS. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. Analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Bank of America decreased their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and cut their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Susquehanna decreased their target price on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, 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 research note on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.16.

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.