Landscape Capital Management L.L.C. Makes New $4.04 Million Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Landscape Capital Management L.L.C. acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 877,251 shares of the transportation company's stock, valued at approximately $4,035,000. Landscape Capital Management L.L.C. owned about 0.26% of JetBlue Airways at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in JBLU. Neo Ivy Capital Management acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $33,000. Quarry LP acquired a new position in shares of JetBlue Airways in the 1st quarter worth approximately $32,000. Compass Wealth Management LLC acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $35,000. Performa Ltd US LLC raised its position in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company's stock valued at $26,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company's stock valued at $30,000 after acquiring an additional 2,751 shares in the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

NASDAQ JBLU traded up $0.16 on Friday, hitting $5.74. The stock had a trading volume of 19,090,370 shares, compared to its average volume of 22,413,046. The company's 50-day moving average is $5.26 and its two-hundred day moving average is $5.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.53 and a quick ratio of 0.50. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $9.45.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.10. The firm had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.29 billion. JetBlue Airways had a negative return on equity of 4.38% and a negative net margin of 3.23%. The firm's revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. On average, equities analysts predict that JetBlue Airways Co. will post -0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Susquehanna reduced their price target on shares of JetBlue Airways from $5.00 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 1st. BNP Paribas downgraded JetBlue Airways from a "neutral" rating to an "underperform" rating and set a $3.00 target price for the company. in a research note on Friday, November 10th. Citigroup lowered their target price on JetBlue Airways from $7.50 to $5.75 and set a "neutral" rating for the company in a report on Monday, October 9th. Finally, Bank of America downgraded JetBlue Airways from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $4.96.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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