Prentice Capital Management LP Has $11.27 Million Position in JetBlue Airways Co. (NASDAQ:JBLU)

Prentice Capital Management LP raised its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 1,329.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,433,316 shares of the transportation company's stock after purchasing an additional 1,333,016 shares during the quarter. JetBlue Airways accounts for about 19.4% of Prentice Capital Management LP's holdings, making the stock its biggest holding. Prentice Capital Management LP owned about 0.41% of JetBlue Airways worth $11,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings 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 buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways in the fourth quarter valued at approximately $40,000. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $58,000. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of JetBlue Airways by 1,769.4% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company's stock valued at $73,000 after purchasing an additional 8,847 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JBLU shares. Bank of America lowered their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Barclays cut their target price on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com raised JetBlue Airways to a "sell" rating in a research note on Thursday, May 15th. Finally, Raymond James lowered 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 issued a hold rating to the company. According to MarketBeat.com, JetBlue Airways has a consensus rating of "Hold" and an average target price of $5.16.

JetBlue Airways Stock Up 1.1%

Shares of JBLU traded up $0.06 during trading hours on Tuesday, reaching $5.00. The stock had a trading volume of 12,620,404 shares, compared to its average volume of 19,912,784. The firm has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $6.04. JetBlue Airways Co. has a 12 month low of $3.34 and a 12 month high of $8.31. 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 company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -2.13 and a beta of 1.79.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released 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 firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) earnings per share. Equities research analysts predict that JetBlue Airways Co. will post -0.69 earnings per share 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.