Lighthouse Investment Partners LLC Acquires Shares of 230,000 JetBlue Airways Co. (NASDAQ:JBLU)

Lighthouse Investment Partners LLC bought a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 230,000 shares of the transportation company's stock, valued at approximately $1,808,000. Lighthouse Investment Partners LLC owned about 0.07% of JetBlue Airways at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at approximately $1,958,000. Janus Henderson Group PLC purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at approximately $275,000. Kettle Hill Capital Management LLC purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at approximately $6,621,000. Deutsche Bank AG raised its position in JetBlue Airways by 53.4% in the fourth quarter. Deutsche Bank AG now owns 256,183 shares of the transportation company's stock valued at $2,014,000 after purchasing an additional 89,131 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in JetBlue Airways by 2.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 2,512,920 shares of the transportation company's stock valued at $19,752,000 after purchasing an additional 66,183 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU traded up $0.15 during trading on Friday, reaching $5.07. 18,795,566 shares of the company's stock traded hands, compared to its average volume of 19,914,928. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 12 month low of $3.34 and a 12 month high of $8.31. The company has a 50 day moving average of $4.57 and a 200-day moving average of $6.04. The stock has a market capitalization of $1.80 billion, a P/E ratio of -2.17 and a beta of 1.79.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly 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 company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business posted ($0.43) EPS. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Activity at JetBlue Airways

In other 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 transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This represents 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. 1.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on JBLU. StockNews.com raised JetBlue Airways to a "sell" rating in a research report on Thursday. Bank of America cut their price objective on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Barclays cut their price objective 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. 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 research report on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and cut their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.16.

JetBlue Airways Company 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.