JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by Prentice Capital Management LP

Prentice Capital Management LP raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 1,329.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 19.4% of Prentice Capital Management LP's holdings, making the stock its largest holding. Prentice Capital Management LP owned 0.41% of JetBlue Airways worth $11,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its holdings in shares of JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after buying an additional 1,823 shares during the period. Xponance Inc. raised its holdings in shares of JetBlue Airways by 10.2% in the 4th 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. raised its holdings 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 valued at $35,000 after buying an additional 2,538 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of JetBlue Airways by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock valued at $257,000 after buying an additional 2,666 shares during the period. Finally, Bogart Wealth LLC raised its holdings 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 valued at $55,000 after buying an additional 2,850 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at approximately $313,747.50. The trade was a 26.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.18% of the company's stock.

JetBlue Airways Stock Up 3.0%

Shares of NASDAQ:JBLU traded up $0.15 on Friday, hitting $5.07. 18,795,566 shares of the company's stock were exchanged, compared to its average volume of 19,943,033. The firm's 50-day moving average is $4.57 and its 200 day moving average is $6.04. The company has a market capitalization of $1.80 billion, a PE ratio of -2.17 and a beta of 1.79. JetBlue Airways Co. has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

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 (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) EPS. Sell-side analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JBLU. StockNews.com upgraded JetBlue Airways to a "sell" rating in a report on Thursday. UBS Group cut their price objective on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a "buy" rating to a "hold" rating and lowered their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Bank of America lowered their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.